HUNT VALLEY'S SINCLAIR

Sinclair is exploring merger options for its broadcast business

• Sinclair, one of the largest owners of U.S. broadcast stations, is beginning a strategic review of its broadcast business that could result in a merger.
• The company is also looking to separate or spinoff its ventures business, which includes pay-TV network the Tennis Channel.
• Sinclair is exploring its options amid a push for deregulation across the broadcast TV industry that could lead to more M&A activity.

Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S.

Sinclair, one of the largest broadcast station owners in the U.S., is launching a strategic review of its broadcast business that could result in a merger, the company said.

The company and its advisors have already held deep discussions with potential merger partners, according to people close to the matter who could not speak publicly due to the sensitive nature of the talks. Still, it's too early to determine a valuation for a potential deal, they added.

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