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Tuesday, August 08, 2017

Will WBOC Be Next?

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 Tribune. Rumors have swirled that Sinclair will form its own national network to compete with Fox for political conservative viewership.

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2 comments:

Anonymous said...

This can't happen soon enough. Tired of the lack of coverage in Salisbury and Maryland as well as the eastern shore of VA. I think in this case competition will be good.

Anonymous said...

WBOC is nothing more than gossip media , facts are a thing of the past.