Sinclair Explores Sale of Over 30% of Broadcast Stations, Amid Tensions and Financial Losses

It's Benzinga and here's what's on the block. Saint Clair is looking to sell more than 30% of its 185 owned or operated broadcast stations across the US through its investment bank Molis and Company. The stations considered for sale generate an estimated 1.5 billion in combined revenue for 2023 and 2024 and are located in major markets like Minneapolis, Portland, Pittsburgh, Austin and Fresno. Sinclair is open to selling all or some of its 60 plus stations that have been identified as potential sales. Now the potential sales do come with the tensions that Sinclair's owning family, Smith family and also the losses of over 70% in market value over five years. All things money visit Benzinga Calm.