Sinclair Broadcast stock tumbles on report that Fox may switch affiliations

Sinclair Broadcast Group Inc.’s stock took a nearly 8 percent dive Thursday on fear from investors that 21st Century Fox may not renew its affiliations with Sinclair television stations.

Feeling the heat from Hunt Valley-based Sinclair, Fox is in talks to operate local television stations across the U.S. with Ion Media Networks Inc., according to a Bloomberg report. Sinclair, already the largest broadcaster in the U.S., plans to add 42 stations with the $3.9 billion acquisition of Chicago-based…



Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s