Sinclair jumps after announcing strategic review of broadcast business, Ventures

Sinclair

11/08/2025 23:04

** 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%

 (Reporting by Juby Babu in Mexico City)

 ((Juby.Babu@thomsonreuters.com;))