From TheWrap · Lucas Manfredi · · 30s
Sinclair Drops Standalone Ventures Spinoff Plan
Sinclair won't spin off ventures business but keeps M&A focus.
In brief
Sinclair won't spin off ventures business but keeps M&A focus. Sinclair decided not to pursue standalone separation of ventures business but remains open to broadcast M&A deals. Originally reported by TheWrap.
Sinclair's ventures business decision
Sinclair has decided not to pursue a standalone separation of its ventures business.
CEO explains strategic choice
CEO Chris Ripley said separating ventures would reduce strategic flexibility.
M&A focus remains
CFO Narinder Sahai noted ventures will monetize minority positions and invest in Tennis Channel and Digital Remedy.
The headline
Sinclair decided not to pursue standalone separation of ventures business but remains open to broadcast M&A deals.
