Sinclair shares jumped 27% in postmarket trading after the company launched a strategic review of its broadcast business and is considering a separation of its Ventures unit.
- Evaluating “all value-enhancing opportunities, including acquisitions, strategic partnerships, and business combinations” for broadcast business
- Ventures may be separated via “spinoff, splitoff or other transaction”
- Broadcast ad revenue rose last quarter y/y
- Ventures includes assets in real estate, private equity and tech
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