Sinclair-4.1% on Report Fox Sees Sweeter Affiliate Deal from Ion

10/2/17

Sinclair Broadcast Group (SBGI -4.1%) is sinking again on a new sign that Fox (FOX +0.9%, FOXA +1.1%) might drop it as an affiliate partner, with word that Fox is getting a sweeter affiliate offer from Ion Media Networks.

A better offer from Ion would combine its local broadcast stations with Fox's, TheStreet says, in a deal that could get Fox as much of 90% of the venture's retransmission fees.

A successful deal would mean Fox transferring ownership of 28 mainly metro TV stations to the JV, joining 60 stations owned by Ion.

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