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.

Read entire article here: https://www.poynter.org/business-work/2020/a-local-group-is-organizing-to-try-to-buy-the-baltimore-sun-from-tribune-publishing/

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