Sinclair Looking At Selling Roughly 30% Of Its Stations, Sources Say

The company has hired Moelis as its investment banker and has identified more than 60 stations in various regions of the U.S. that it would be willing to sell, said people familiar with the matter who asked not to be named because the discussions are private. Sinclair owns or operates 185 TV stations in 86 markets. The stations are a mix of Fox, NBC, ABC, CBS and CW affiliates. If sold together, their average revenue for 2023 and 2024 is an estimated $1.56 billion, the people said. Sinclair is willing to sell all or some of the stations, which are in top markets like Minneapolis; Portland, Ore.; Pittsburgh; Austin, Texas and Fresno, Calif., among others.