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.

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.”

It is a consolidation of news-focus local programming OTT platforms — and the first of what could be several divestments from the company led by Chris Ripley. Zeam said the investment “strengthens the foundation of local broadcast journalism,

Sinclair said on Monday its board has authorized a strategic review of the company's broadcast business and it is considering a separation of its Ventures portfolio, sending its shares up 15% in extended trading.

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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.