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$SBGI looking to sell a bunch of stations and the Tennis Channel https://t.co/ZBcA5BPIsK
Sources: Sinclair is looking to sell 60+ of its 185 TV stations, in markets including Minneapolis and Austin, and is exploring options for the Tennis Channel (CNBC) https://t.co/LKQC5JoMBV https://t.co/CALhYKfBqJ
$SBGI is currently exploring the sale of about 30% of its broadcast stations according to CNBC - Sinclair is one of the largest owners of broadcast stations in the U.S., hiring Moelis for divestiture - They have identified >60 stations across the US to sell with a combined… https://t.co/cBIyWVItNa
Sinclair Broadcast Group, one of the largest owners of broadcast stations in the U.S., is reportedly exploring the sale of approximately 30% of its broadcast stations. This includes over 60 of its 185 TV stations across various markets such as Minneapolis and Austin. The company has engaged financial advisory firm Moelis for the divestiture process. Additionally, Sinclair is considering options for the Tennis Channel.
