FILE PHOTO: A boardroom is seen in an office building in Manhattan, New York City, New York, U.S., May 24, 2021. REUTERS/Andrew Kelly/File Photo
(Reuters) -Sinclair said on Monday its board has authorized a strategic review of the company's broadcast business and it is considering a separation of its Ventures portfolio, sending its shares up 15% in extended trading.
The review comes as media companies are exploring options for their cable TV businesses, as audiences rapidly abandon linear TV in favor of streaming platforms.
