Sinclair launches strategic review of businesses

[Y2kTheNewOldies]

Sinclair weighs merging or spinning out businesses

Sinclair, Inc.'s board of directors has authorized a comprehensive strategic review of its broadcast operations, with the goal of possibly spinning out or selling certain assets

thedesk.net

Some of this includes spinning off assets under consideration if approved.

Sinclair, Inc.’s board of directors has authorized a comprehensive strategic review of its broadcast operations, with the goal of possibly spinning out or selling certain assets, the company announced on Monday.

The review will explore “all value-enhancing opportunities,” according to the company, including acquisitions, strategic partnerships, and business combinations with potential partners across the broadcast, media and technology sectors.

At the same time, Sinclair will consider separating its Ventures division through a spin-off, split-off or other transaction. Ventures includes diversified investments in real estate, private equity, and technology, and also includes the international sports network Tennis Channel. The company said the simultaneous evaluations reflect the board’s commitment to “unlocking the full potential” of both businesses, each of which has “distinct growth profiles and value drivers.”

 

[umfan]

Too much debt and several ill advised transactions. Add that to challenging economic conditions for broadcast television and it's clear why they need to look at this.

 

[Mediafrog+]

Appears Sinclair is buying up its sidecar companies in order to have more pieces in hand for consolidation horsetrading: Sinclair Seeks FCC OK For Another SSA Conversion | Radio & Television Business Report

 

[Mediafrog+]

Now Sinclair wants TEGNA?

Sinclair offers to merge broadcast TV business with rival Tegna, source says

Any potential merger would be difficult to close because of Sinclair and Tegna's combined debt load, the person said, asking not to be identified as the discussions are private. At the end of the second quarter, Sinclair had roughly $4.11 billion in debt while Tegna had about $2.33 billion...

ca.finance.yahoo.com

(Mods: I put this under both the Nexstar and Sinclair threads for obvious reasons.)

 

[ted chittenden]

Sinclair weighs merging or spinning out businesses

Sinclair, Inc.'s board of directors has authorized a comprehensive strategic review of its broadcast operations, with the goal of possibly spinning out or selling certain assets

thedesk.net

Some of this includes spinning off assets under consideration if approved.

In other words, Sinclair bit off more than it could chew. That happens a lot when you're expanding without paying enough attention to how much money you're actually bringing in!

 

[Y2kTheNewOldies]

Now Sinclair wants TEGNA?

Sinclair offers to merge broadcast TV business with rival Tegna, source says

Any potential merger would be difficult to close because of Sinclair and Tegna's combined debt load, the person said, asking not to be identified as the discussions are private. At the end of the second quarter, Sinclair had roughly $4.11 billion in debt while Tegna had about $2.33 billion...

ca.finance.yahoo.com

(Mods: I put this under both the Nexstar and Sinclair threads for obvious reasons.)

Woah if that is approved or not Sinclair would need to get their license holding companies like Deerfield and Cunningham to get the Tegna stations in Seattle, Portland, Washington DC.

 

[Mediafrog+]

Woah if that is approved or not Sinclair would need to get their license holding companies like Deerfield and Cunningham to get the Tegna stations in Seattle, Portland, Washington DC.

Once again, forget about current ownership caps. They are about to be loosened or eliminated. The sidecar companies could be going away.

I would bet on Nexstar securing a deal with TEGNA, not Sinclair.