FOR IMMEDIATE RELEASE
SINCLAIR ACQUIRES 20% INTEREST IN YES NETWORK
BALTIMORE, MD (August 29, 2019) – As part of a consortium, led by Yankee Global Enterprises, Sinclair Broadcast Group, Inc. (“Sinclair”) (NASDAQ: SBGI) announced that an indirect subsidiary of Diamond Sports Group has acquired a 20% equity interest in the Yankee Entertainment and Sports Network (“YES Network”), valued at approximately $346 million on a total enterprise value of $3.47 billion. In addition, under the YES Network management team, Sinclair will direct the YES Network’s traditional and virtual distribution relationships.
Read more…SBG YES_FINAL
Sinclair Acquires 20% Interest In YES Network
RECENT NEWS RELEASES
- October 23, 2020
- Sinclair Regional Sports Networks Dropped by Hulu
- October 22, 2020
- Major Broadcasters Launch NEXTGEN TV on Six Local Television Stations in Mobile-Pensacola
- October 20, 2020
- Sinclair Broadcast Group Names Veteran Sports News Executive David Morgan as Vice President of Digital Sports News
- October 19, 2020
- Sinclair Broadcast Group Executives to Participate on Virtual Panels at NAB’s 2020 Show New York
- October 16, 2020
- President Trump Joins Eric Bolling on “America This Week” for an Exclusive Town Hall with Voters
- October 15, 2020
- Sinclair Acquires Two Class A TV Stations in Washington, DC
- Missouri’s KRCG-TV Wins Coveted RTDNA National Edward R. Murrow Award for Outstanding Breaking News Coverage
- October 9, 2020
- Major Broadcasters Launch NEXTGEN TV on Five Local Television Stations in Oklahoma City, OK
- October 6, 2020
- Sinclair to Report Third Quarter 2020 Results on November 4, 2020 at 7:30a.m. (Eastern Time)
- Major Broadcasters Launch NextGen TV on Four Local Television Stations in Austin, TX