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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.



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.