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.

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