Sinclair’s Board of Directors has approved a comprehensive strategic review of its Broadcast business with a merger one option under consideration.
The company says it intends to be a “catalyst in the broadcast industry’s evolution” and says it is open to strategic partnerships, and business combinations.
It will also evaluate separated its Ventures division through a spin-off, split-off, or other transaction.
“Scale wins in today’s broadcast industry, and we intend to lead that consolidation,” said Chris Ripley, President & Chief Executive Officer of Sinclair, Inc. “Our Broadcast business’s industry-leading performance positions us as the partner of choice for value creation. Simultaneously, we expect separating Ventures will crystallize significant value that the market has overlooked within our current structure, giving us even more flexibility to drive our broadcast strategy forward.”
Sinclair has historically been a first mover in US television, embracing technologies such as ATSC3 early in the process.
