Sinclair jumps after announcing strategic review of broadcast business, Ventures
ReutersAug 11, 2025 10:04 PM
** Shares of media firm Sinclair SBGI.O rise 18% to $14.85 in extended trading
** SBGI says it is launching strategic review for its broadcast business as well as evaluating opportunities including acquisitions, partnerships and business combinations
** Company is also looking to separate its Ventures business through spin-off or other transaction
** Up to last close, SBGI had fallen 22.2%
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