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Sinclair Discussing Going Private
May 8, 2008
Believing Sinclair's stock price undermines its performance, Sinclair Broadcast Group CEO David Smith said the company has discussed going private. Smith's revelations occured on a conference call discussing the company's first quarter results, which saw broadcast revenues up 8.5%.
"Anybody that's looking at the Sinclair stock today would have to say there's a tremendous amount of value," Smith told investors. "[But] for whatever reason, the valuations just don't show up from a market standpoint in our equity."
MediaPost has more on Smith's musings [registration required].
Posted by Mike Malone on May 8, 2008 | Comments (0)
