Sinclair Broadcast Group Inc.
said Monday it is reorganizing into a new holding company called Sinclair Inc., which will become the publicly traded parent. The company said it owns a range of assets beyond its broadcast business, including software services companies, intellectual property for broadcast technology, and other media and non-media related businesses and assets including real estate, venture capital, private equity, and direct investments.
said Monday it is reorganizing into a new holding company called Sinclair Inc., which will become the publicly traded parent. The company said it owns a range of assets beyond its broadcast business, including software services companies, intellectual property for broadcast technology, and other media and non-media related businesses and assets including real estate, venture capital, private equity, and direct investments.
.’ The stock rose 3% premarket.
Interesting! What does this mean for Sinclair Broadcast?