Stewart Bainum Jr. Plans To Launch ‘The Baltimore Banner,’ An All-Digital News Outlet

Stewart W. Bainum Jr., the hotel magnate who launched a failed bid to acquire The Sun and the rest of the newspapers owned by Tribune Publishing, plans to open a new nonprofit, all-digital publication called The Baltimore Banner, according to a new report in The Atlantic. Bainum, chairman of Choice Hotels International, told the magazine the organization will start with an annual operating budget of $15 million and a staff of 50 journalists.