Sinclair Looks to Restructure
/
Sinclair says that it is exploring merger options for its broadcast business.
The company says that it is launching a strategic review of its broadcast business that could result in a merger.
The staff was sent an email on Monday, in which they were told that Sinclair’s our “Board of Directors has begun a process to explore strategic opportunities for our Broadcast division and to evaluate a possible separation of our Ventures division.”
“This review process is about unlocking new opportunities through innovation and scale —for our company, our teams, and the audiences we serve,” said the email.
It is a bunch off corporate speak that basically says they are exploring a number of options.
“As we have publicly messaged in the past, the standalone value of our ventures and broadcast assets exceeds what the market has historically recognized. By exploring new and potentially separate structures, partnerships, or investments for both the Broadcast and Ventures businesses, we aim to address that,” Ripley says in the memo.
Below is the memo sent to the staff and obtained by FTVLive:
