Entrepreneur Stewart Bainum explains his Baltimore Banner startup and why local news is critical to 'strengthening democracy'
Reliable Sources
CNN
3.4 • 1.4K Ratings
🗓️ 29 October 2021
⏱️ 31 minutes
🧾️ Download transcript
Summary
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| 0:00.2 | Like many American cities, Baltimore used to be a thriving town for journalism. |
| 0:07.5 | There used to be multiple print newspapers, incredible rivalries between reporters, |
| 0:12.8 | but so much of that has been lost in the past few decades due to the collapse of local news. |
| 0:20.1 | So could there be a rebound? Could a place like Baltimore once again be a two-news paper town? |
| 0:27.8 | I mean, probably not with print papers, but at least online. |
| 0:32.8 | There is an entrepreneur trying to make that happen and we have lots of questions for him. |
| 0:38.0 | So let's cue the music. I'm Brian Stelter and this is our weekly reliable sources podcast. |
| 0:44.5 | Our chance to go more in depth talking about how the news is made with media leaders and |
| 0:50.4 | newsmakers. Stuart Bainham is my guest this week and he is definitely a newsmaker. |
| 0:56.6 | He's a businessman and politician, an entrepreneur based in Maryland who is launching a venture |
| 1:03.2 | called the Baltimore banner. It is going to hire dozens of journalists to cover news in and |
| 1:10.0 | around Baltimore. In some ways, competing with the Baltimore son, the newspaper that Bainham |
| 1:16.2 | tried to take over last year. It's a bit of a convoluted story and I'll let him tell it himself. |
| 1:23.9 | As some of you may know, I'm a Maryland native. I grew up in Maryland and I went to school right |
| 1:29.5 | up the road from Baltimore. So in some ways, this story is personal for me. I'm really curious to see |
| 1:35.1 | what happens to the Baltimore son and whether a competitor can come into the marketplace |
| 1:40.8 | and grow subscriptions and grow the audience for news in and around Baltimore. |
| 1:47.0 | So let's get to it and find out what the Baltimore banner is and what Bainham's vision is. |
| 1:53.4 | Stuart, thank you so much for coming on the podcast with me. |
| 1:56.0 | Happy to be here. So tell me where the story begins for you. We know what the Baltimore |
| 2:02.2 | banner is now, what it's going to be, but where does this story begin? Your decision to |
| 2:06.8 | become a local news entrepreneur. Where's the story start? |
... |
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