Baltimore Sun sold to Sinclair’s David D. Smith

Maryland’s largest daily newspaper, the Baltimore Sun, has been acquired by David D. Smith, the executive chairman of Sinclair Broadcast Group, a family-controlled TV station company headquartered outside Baltimore, for an undisclosed sum.

The purchase returns the paper to local ownership for the first time in decades. It was previously owned by Alden Global Capital, an investment company with a reputation for cost-cutting and slashing staff at local newspapers.