Thursday, August 3, 2017

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…


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