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Talk:Stewart W. Bainum Jr.: Difference between revisions

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== Request re: Tribune and The Baltimore Banner ==
 
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Hi there, in the last year Mr. Bainum has received a lot of media coverage for his attempt to buy ''The Baltimore Sun'' and then for establishing a news non-profit (the Venetoulis Institute), and local news outlet, ''The Baltimore Banner''. As this has not been updated within his Wikipedia article, I'd like to suggest some material to summarize the main points as covered in reliable sources. In full transparency, I am here on behalf of Mr. Bainum via my company, Lumino, and have a financial conflict of interest, so I am looking for uninvolved editors to review this request and add this update if it looks ok.
 
The below would replace the existing sentence at the end of the ''[[Stewart_W._Bainum_Jr.#Business_career|Business career]]'' section about ''The Baltimore Sun'' as well as the non-sourced sentence about ''The Baltimore Banner'' in the ''[[Stewart_W._Bainum_Jr.#Political_career|Political career]]'' section. On that point, Mr. Bainum has not relaunched the strike paper, but he has established a news outlet with its same name, so the draft clarifies that this is a new publication.
 
{{collapse top|Tribune, Venetoulis Institute and ''The Baltimore Banner'' proposed content}}
In February 2021, it was announced that Bainum was establishing a non-profit entity that would seek to acquire ''[[The Baltimore Sun]]''. The newspaper was one of several owned by Tribune Publishing, which was in the process of being acquired by [[Alden Global Capital]]. Bainum struck a deal with Alden to acquire ''The Sun'' as part of the Tribune sale agreement.<ref name=nyt>{{cite news |last1=Tracy |first1=Marc |title=Hedge Fund Reaches a Deal to Buy Tribune Publishing |url=https://www.nytimes.com/2021/02/16/business/media/alden-tribune-newspaper-sale.html |access-date=February 17, 2021 |work=New York Times |date=February 16, 2021}}</ref> He had stepped forward in response to the "Save Our Sun" campaign launched by some of ''The Sun'''s staff, who were keen to find a local owner who could turn the paper into a non-profit.<ref name=CBSBaltimore21/> When Bainum's deal with Alden fell through, he initially sought to form a buyer group to acquire the whole Tribune business.<ref name=Coppins21/> He committed $200 million of his own money for the acquisition,<ref name=Robertson21>{{cite news |last1=Robertson |first1=Katie |title=Maryland hotel mogul continues his quest for Tribune Publishing as time runs out |url=https://www.nytimes.com/2021/04/30/business/media/tribune-takeover-bainum.html |access-date=January 31, 2022 |work=New York Times |date=April 30, 2021}}</ref> with the goal of finding "responsible buyers" for each of the Tribune-owned publications. Bainum was unable to find a buyer for the ''Chicago Tribune'' and the effort failed.<ref name=Coppins21>{{cite news |last1=Coppins |first1=McKay |title=A Secretive Hedge Fund is Gutting Newsrooms |url=https://www.theatlantic.com/magazine/archive/2021/11/alden-global-capital-killing-americas-newspapers/620171/ |access-date=January 18, 2022 |work=[[The Atlantic]] |date=January 18, 2022}}</ref>
 
He formed the Venetoulis Institute for Local Journalism with his family, as a non-profit organization focused on local Baltimore news and statewide news in Maryland.<ref name=Simmons22>{{cite news |last1=Simmons |first1=Melody |title=Baltimore Banner signs lease for downtown office, building naming rights |url=https://www.bizjournals.com/baltimore/news/2022/01/13/baltimore-banner-newsroom-lease-downtown.html |access-date=January 18, 2022 |work=Baltimore Business Journal |date=January 13, 2022}}</ref> He is the chairman of the Institute, which is named after the former Baltimore County executive [[Ted Venetoulis]], who was an advocate for local news and died in early October 2021.<ref name=Dieterle21>{{cite news |last1=Dieterle |first1=Marcus |title=The Baltimore Banner names editor in chief, will operate under nonprofit Venetoulis Institute for Local Journalism |url=https://baltimorefishbowl.com/stories/the-baltimore-banner-names-editor-in-chief-will-operate-under-nonprofit-venetoulis-institute-for-local-journalism/ |access-date=January 31, 2022 |work=Baltimore Fishbowl |date=October 26, 2021}}</ref> Bainum met with several local news start-up organizations to learn best practices for creating a news publication that provides broad local coverage of politics, sports and culture.<ref name=Coppins21/> In October 2021, he announced that he had established an online non-profit news outlet, named ''The [[Baltimore Banner]]'', the budget for which is initially supported by donations.<ref name=CBSBaltimore21>{{cite news |last1= |first1= |title=Report: Stewart Bainum Jr. Plans To Launch ‘The Baltimore Banner,’ An All-Digital News Outlet |url=https://baltimore.cbslocal.com/2021/10/14/report-stewart-bainum-jr-plans-to-launch-the-baltimore-banner-an-all-digital-news-outlet/ |access-date=January 18, 2022 |work=CBS Baltimore |date=October 14, 2021}}</ref><ref name=Ellison21>{{cite news |last1=Ellison |first1=Sarah |title=Bainum unveils plans for new Baltimore Banner news site — and hires Kimi Yoshino, a top L.A. Times editor, to run it |url=https://www.washingtonpost.com/media/2021/10/26/baltimore-banner-kimi-yoshino-bainum/ |access-date=January 18, 2022 |work=[[The Washington Post]] |date=October 26, 2021}}</ref> The ''Banner'' is overseen by the Venetoulis Institute.<ref name=Dieterle22>{{cite news |last1=Dieterle |first1=Marcus |title=Baltimore Banner hires Sun reporters, other Baltimore-area journalists |url=https://baltimorefishbowl.com/stories/baltimore-banner-welcomes-sun-reporters-other-baltimore-area-journalists/ |access-date=January 18, 2022 |work=Baltimore Fishbowl |date=January 5, 2022}}</ref> ''[[Inside Philanthropy]]'' named Bainum as the "Journalism Hero of the Year Who Wasn’t (and Then Was)" in its 2021 Philanthropy Awards.<ref name=IP22>{{cite news |last1= |first1= |title=Philanthropy Awards, 2021 |url=https://www.insidephilanthropy.com/home/2021/12/28/philanthropy-awards-2021 |access-date=January 18, 2022 |work=[[Inside Philanthropy]] |date=December 28, 2021}}</ref>
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If editors are comfortable with adding this, I was wondering if it would make sense to do so as a new ''Philanthropy'' section? This doesn't quite fit as part of his ''Business career'' or ''Political career'', since the Institute and ''The Banner'' were established through donations by Mr. Bainum. If that makes sense to set up a new ''Philanthropy'' section, these details could be included along with the sentence about the Bainums' commitment to the Giving Pledge.
 
Is anyone willing to review and add this to the article? Please let me know if you have any feedback or questions about this request. Thanks in advance! [[User:16912_Rhiannon|16912 Rhiannon]] ([[User talk:16912_Rhiannon|Talk]] &middot; [[User:16912_Rhiannon|COI]]) 23:07, 8 February 2022 (UTC)