Stewart W. Bainum Jr.
He tried and failed to buy The Baltimore Sun. Now the Maryland hotel magnate Stewart W. Bainum Jr. is creating an ambitious publication meant to compete with it.
The planned digital news outlet, The Baltimore Banner, will have an annual operating budget of $15 million, and Mr. Bainum is looking to hire an editor in chief and a staff of 50 journalists, the newspaper consultant Imtiaz Patel, an adviser to Mr. Bainum, said on Thursday.
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