US EditionSinclair Is Exploring Merger Options for Its Broadcast Business
Sinclair Broadcast Group has board approval to explore mergers and a spinoff of its Ventures business, including the Tennis Channel, as part of a strategic review.
- On Aug. 11, Sinclair Broadcast Group Inc. announced a strategic review for its broadcast unit that could result in a merger, with the board authorized a dual-track evaluation.
- The Board of Directors authorized a dual-track review to pursue transformational opportunities without structural limits, aiming to unlock full potential of both businesses.
- Shares of Sinclair shot up more than 20% in after-hours trading after the announcement, reaching over $15 a share.
- However, Sinclair cautioned there is no assurance the strategic review will result in any transaction or change, despite discussions with potential merger partners.
- Meanwhile, Sinclair is exploring a spin-off of its Ventures division, including the Tennis Channel, to unlock overlooked value, as part of its strategic review.
12 Articles
12 Articles
Sinclair launches strategic review of broadcast unit, weighs spinoff of Ventures
(Reuters) -Sinclair said on Monday its board has authorized a strategic review of the company's broadcast business and it is considering a separation of its Ventures portfolio, sending its shares up 15% in extended trading.
Sinclair to Explore M&A Opportunities for Broadcast Business
Sinclair, one of the biggest owners of broadcast stations in the U.S., will explore M&A opportunities for its broadcast TV business. The media company, which owns, operates and/or provides services to 178 television stations in 81 markets affiliated with all major broadcast networks, announced Monday that it will launch a comprehensive strategic review for its broadcast branch, which will “evaluate all value-enhancing opportunities, including ac…
Sinclair weighs merging or spinning out businesses
Sinclair owns a number of broadcast and cable assets, including local TV stations; multicast networks Comet, Charge, Roar and The Nest; and the sports network Tennis Channel. (Courtesy logos, Graphic designed by The Desk) Sinclair, Inc.’s board of directors has authorized a comprehensive strategic review of its broadcast operations, with the goal of possibly spinning out or selling certain assets, the company announced on Monday. The review will…
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