Sinclair, a major local TV station group, announced that its board has authorized a "comprehensive strategic review" for its broadcast business, including potential sales and acquisitions.

Hunt Valley-based Sinclair Inc. is gearing up to join an expected wave of broadcast industry mergers and acquisitions, signaling it could buy or sell TV stations or seek new business partners.

Sinclair reported that the unanimous board mandate “provides Sinclair with the flexibility to pursue transformational opportunities without predetermined limitations on transaction structures, enabling the Company to execute the most compelling strategy in today’s dynamic broadcast and media landscape.”

Sinclair Inc. (SBGI) soars 20% premarket as it announces a strategic review, exploring acquisitions, partnerships, and a potential Ventures spin-off.

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The three broadcast companies divide Portland's TV market.

A 63-year-old woman is behind bars after authorities discovered a stash of guns and an illegal home pharmacy inside her residence.

On August 12, Sinclair Inc. said its board of directors had authorized “a comprehensive strategic review for its Broadcast business.” It's now clear that, as part of this initiative, it is seeking to gain ownership of more stations it controls so it can then spin them to another party free of any shared services agreement needs.