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…

from https://www.bizjournals.com/baltimore/news/2017/08/03/sinclair-broadcast-stock-tumbles-on-report-that.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/163761343337

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Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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