Sinclair Explores Sale of Over 30% of Broadcast Stations, Amid Tensions and Financial Losses from dj smith adventure 1b Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:45 👁 View: 210K times ✓ Published: 11-May-2024
Description: Sinclair wants to sell more than 30% of its 185 owned or operated broadcast stations across the US through investment bank Moe-liss & Co. The stations considered for sale generate an estimated $1.5 billion in combined revenue for 2023-2024 and are located in major markets like Minneapolis, Portland, Pittsburgh, Austin, and Fresno. Sinclair is open to selling all or some of the 60+ stations that have been identified as potential sales. The potential sales come amid tensions within Sinclair's owning Smith family and losses of over 70% in market value over 5 years.