Sinclair Broadcast Group has announced a reorganization in which a new holding company, Sinclair, Inc. will become the publicly-traded parent of Sinclair Broadcast and its subsidiaries.
The Baltimore-based company, which was founded in 1986 and at 193 TV stations, is the second largest TV station group in the country, has greatly expanded beyond its traditional broadcast base to now include real estate, venture capital, private equity, and direct investments. Among its subsidiaries is ONE Media LLC, a technology division focused on business opportunities from the ATSC 3.0 broadcast standard, as well as Compulse, a marketing technology and managed services company, and the Tennis Channel. As part of the reorganization, these other businesses and assets will be held by New Sinclair through a new subsidiary to be known as “Sinclair Ventures.”
