The Baltimore Sun to be acquired by nonprofit from Tribune Publishing

Returning The Baltimore Sun to Maryland hands, the state’s largest newspaper and its affiliates are to be acquired by a nonprofit formed by businessman and philanthropist Stewart Bainum Jr. that would operate the media organization for the benefit of the community. The sale was made possible by Alden Global Capital’s $630 million deal announced late Tuesday to acquire full control of Tribune Publishing, which also publishes The Chicago Tribune, The New York Daily News and other major newspapers.