Sinclair, Inc., one of the largest owners of broadcast stations in the U.S., announced Monday that its Board of Directors has authorized a comprehensive strategic review of its broadcast business to explore mergers and acquisitions (M&A) opportunities.
The move aims to enhance value through potential acquisitions, strategic partnerships, or business combinations with partners in the broadcast, media, and technology sectors.
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| Chris Ripley |
Sinclair’s CEO, Chris Ripley, emphasized the importance of scale in the broadcast industry, stating the company’s intent to lead consolidation efforts and position itself as a key player in value creation.
The strategic review is driven by Sinclair’s strong financial performance, with its broadcast business outperforming peers, including year-over-year advertising revenue growth in Q2 2025 despite political ad displacement.
This move comes amid expectations of deregulation in the broadcast industry, potentially under the Trump administration, with FCC Chairman Brendan Carr supporting the removal of station ownership caps, which could spur further M&A activity. Sinclair has already held discussions with potential merger partners, though no deal or valuation has been finalized, and there’s no guarantee a transaction will occur.