Sinclair Broadcast Group looking to sell over 30% of its stations

SOURCE www.cnbc.com
Sinclair, one of the largest owners of broadcast stations in the U.S., is looking to sell more than 30% of its footprint, including over 60 stations in various regions. The company is willing to sell parts of its business to unlock value and de-lever.

Key Points

  • Sinclair is looking to sell more than 30% of its broadcast stations
  • The company has identified over 60 stations for potential sale
  • Sinclair aims to unlock value and de-lever by selling parts of its business

Pros

  • Potential to unlock value for shareholders
  • Opportunity to de-lever the company

Cons

  • Loss of some broadcast stations
  • Impact on employees and local communities