Two local foundations, a former county executive and a NewsGuild chapter are trying to put together a bid to buy The Baltimore Sun out from Tribune Publishing.
The effort has some urgency. Alden Global Capital owns a third of Tribune Publishing stock and appears to be exerting pressure to slash costs. Alden’s “standstill” agreement not to buy more Tribune shares expires in June.
Locals made a run at buying The Sun a decade ago — but never got any indication that Tribune, then controlled by real estate czar Sam Zell, would even entertain an offer.