https://www.bizjournals.com/baltimo...roadcast-ceo-eyes-deal-for-foxs-regional.html
Yes Sinclair is talking about getting WSB-TV as part of a series of talks to get the Cox Stations. Concurrently Sinclair is talking about getting the Fox Sports Regional stations like Fox Sports West
https://www.ftvlive.com/sqsp-test/2018/10/9/this-should-scare-the-hell-out-of-cox-employees
Yes Sinclair is talking about getting WSB-TV as part of a series of talks to get the Cox Stations. Concurrently Sinclair is talking about getting the Fox Sports Regional stations like Fox Sports West
Sinclair Broadcast Group Inc. is eyeing potential deals with its attempted takeover of Tribune Media Co. a thing of the past.
CEO Chris Ripley said Tuesday the pipeline for mergers and acquisitions "is quite full right now." In particular, Hunt Valley-based Sinclair could look at acquiring 14 TV stations currently owned by Cox Enterprises Inc. or 21st Century Fox Inc.'s portfolio of 22 regional sports networks.
Ripley called the regional sports networks an "interesting fit" because Sinclair's already has the infrastructure in place to improve production, administration and sales for the networks. Sinclair (NASDAQ: SBGI) is the largest TV broadcaster in the U.S. with 191 television stations in 89 markets.
The regional sports networks are up for sale because the Walt Disney Co.'s (NYSE: DIS) acquisition of Fox (NASDAQ: FOX). The U.S. Department Justice made the sale of the networks a condition for approval of the $71 billion deal. Guggenheim Securities valued the package at $22.4 billion, the Los Angeles Times reported.
""It’s a very interesting fit," Ripley said "It of course has to be at the right value. It has to be accretive."
To make a deal happen, Ripley said Sinclair would need to partner with a private equity firm because it has to be an all-cash transaction.
"You could do it through a joint venture with a private equity fund where it would be a separate sister company, or you can do it on balance sheet," Ripley said.
Sinclair has been looking for deals as it looks to gain the size and scale needed to survive in today's media landscape. People have been cutting cords and are choosing to use services like Netflix, Hulu and YouTubeTV to satisfy their viewing needs.
Broadcasters like Sinclair need to get bigger and evolve, Ripley said. One of those ways is by adding more subscription-based content, like Fox's regional sports networks.
https://www.ftvlive.com/sqsp-test/2018/10/9/this-should-scare-the-hell-out-of-cox-employees