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Sinclair Stock Soars on Speculation of More RSN Carriage Deals

https://www.broadcastingcable.com/n...ars-on-speculation-of-more-rsn-carriage-deals

Sinclair Broadcast Group shares were up more than 10% in early trading Monday after reports that its Chicago-area regional sports network was close to a carriage deal with Comcast.

Comcast, the largest cable operator in the Chicago region had been slow to reach a carriage agreement with Sinclair’s Marquee Sports Network, the RSN it jointly owns with the Chicago Cubs Major League Baseball team. But reports over the weekend that the two may be close to a deal helped goose the stock.

Sinclair was going to rebrand their RSN's prior to the leagues shutting down due to the COVID-19 scares but now Sinclair is placing their bets on the proposed July opening for the MLB when the RSN's can start their broadcasts.
 
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