Sinclair explores selling roughly 30% of its broadcast stations, sources say [MSNBC.com]
Sinclair Broadcast Group, Inc. - Class A (SBGI)
Last sinclair broadcast group, inc. - class a earnings: 2/26 07:30 am
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Source: MSNBC.com
In this articleSignage stands outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S., on Friday, Aug. 10, 2018.Andrew Harrer | Bloomberg | Getty ImagesThe company has hiredMoelisThe stations are a mix of affiliates including Fox, NBC, ABC, CBS and the CW. If sold together, their average revenue for 2023 and 2024 is an estimated $1.56 billion, the people said. Sinclair is willing to sell all or some of the stations, which are in top markets like Minneapolis; Portland, Ore.; Pittsburgh; Austin, Texas and Fresno, Calif., among others.Sinclair CEO Chris Ripley said Wednesday that the company is open to offloading parts of its business, without providing specifics."As we've always stated, we have no sacred cows," Ripley said during his company's earnings conference call. "We want to unlock the sum of the parts valuation that we think we're grossly undervalued for. And to the extent that asset sales makes sense in order to unlock that value and help us de-lev
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SBGI
Earnings
- 5/9/24 - Beat
SBGI
Sec Filings
- 5/16/24 - Form 3
- 5/10/24 - Form 10-Q
- 5/8/24 - Form 8-K
- SBGI's page on the SEC website