Tag

Local Ownership

All articles tagged with #local ownership

business-media2 years ago•5 min saved

"Baltimore Sun Sold to Local Business Leader Amid Political and Ownership Concerns"

David D. Smith, executive chairman of Sinclair Broadcasting, has purchased the Baltimore Sun Media, raising concerns due to his conservative background and previous criticisms of print media. Smith aims to make the newsroom more profitable but has faced skepticism from some employees and former journalists. While some celebrate the sale, others worry about potential partisan influence on the 187-year-old publication, which has a history of credible reporting and 16 Pulitzer Prizes. The sale comes after the investment firm Alden Global Capital's cost-cutting ownership and amid competition from the digital-only news organization, The Baltimore Banner.

via The Associated Press|

#baltimore-sun #business-media #david-d-smith

business-media2 years ago•3 min saved

"Baltimore Sun Returns to Local Ownership: Sinclair's David Smith Acquires Media"

Local businessman David Smith has purchased The Baltimore Sun Media Group, including The Sun and its affiliated newspapers, from Alden Global Capital, marking the first time the institution has been under local ownership since 1986. Smith, the executive chairman of Sinclair Inc., plans to invest in the paper, increase coverage of local communities, and support investigative work. The purchase amount remains undisclosed, and Smith will be joined in the venture by conservative political commentator Armstrong Williams. The move has raised questions about the new owners' motivations and their potential impact on the newspaper's editorial independence.

via The Baltimore Banner|

#baltimore-sun #business-media #david-smith

sports2 years ago•1 min saved

"Nebraska Pro Volleyball Announces Team Name"

Nebraska Pro Volleyball, a women's pro volleyball team, has unveiled its team name, the Supernovas. The team will play in the Pro Volleyball Federation and will call the CHI Health Center arena in Omaha its home. The roster includes former Nebraska Cornhuskers players, and the team aims to establish a long-lasting presence in the community through local ownership.

via WOWT|

#chi-health-center #local-ownership #nebraska-pro-volleyball

media2 years ago•2 min saved

Maine newspaper chain's landmark sale to national nonprofit excludes 6 weeklies

Maine media mogul Reade Brower has sold his five daily newspapers and 17 weeklies to a national newspaper nonprofit, but six weeklies along Maine's northern coast were not included in the sale. The publisher of those newspapers was not given an explanation for their exclusion. Brower stated that he is keeping those newspapers, along with six specialty publications and a direct mail product. The future ownership of the six weeklies remains uncertain. The other newspapers in the sale were acquired by the nonprofit National Trust for Local News in collaboration with the Maine Journalism Foundation. Financial terms of the sale were not disclosed.

via Bangor Daily News|

#local-ownership #maine #media

business2 years ago•1 min saved

Jordan Dice: From Entrepreneur to Midland Mall Owner and Shoplifting Incident Victim

Jordan Dice, the principal of J.R. DICE, has become the first local resident to own a regional mall in Mid-Michigan after purchasing the Midland Mall in an online auction. The mall has over 40 retailers, including six anchor stores, and is a regional shipping center. Dice plans to manage the mall and put over 100,000 square feet of common area to better use. He believes the mix of local and national retailers is important and is in discussions with other retailers and potential franchises for the food court.

via WNEM|

#business #jordan-dice #local-ownership