Sinclair explores selling roughly 30% of its broadcast stations, sources say

Sinclair is planning to sell more than 30% of its owned or operated broadcast stations. The media company has enlisted an investment bank to assess potential asset sales, including the stations and the Tennis Channel. Sinclair recently settled litigation with subsidiary Diamond Sports Group, which holds a large portfolio of regional sports networks and is currently in bankruptcy protection. Last year, Sinclair underwent restructuring and rebranding, dividing the company into two units: the broadcast business and Sinclair Ventures, which includes non-media holdings.