Sinclair exploring sale of about a third of broadcast stations, CNBC reports

Sinclair Broadcast (SBGI), which owns or operates 185 TV stations in 86 markets in the U.S., is looking to sell more than 30% of its footprint, people familiar with the matter told CNBC’s Lillian Rizzo and Alex Sherman. The company has hired Moelis (MC) as its investment banker and has identified more than 60 stations that it would be willing to sell, said the report, citing sources.