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Tribune News Service
Tribune News Service
Business
Lorraine Mirabella

Sinclair Broadcast Group plans to reorganize business and change name to Sinclair Inc.

Sinclair Sinclair Broadcast Group Diamond Sports MLB the Tennis Channel

Sinclair Broadcast Group plans to reorganize its business and change its name to Sinclair Inc., the Hunt Valley-based television station owner said Monday.

A newly created holding company called Sinclair would become the publicly traded parent of Sinclair Broadcast and its subsidiaries, which include the struggling Diamond Sports Group, which owns regional sports networks and airs games for 14 MLB teams.

Diamond Sports filed for bankruptcy protection just over two weeks ago, burdened by more than $8 billion in debt.

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