Rumors Swirl Over Possible Sale Of Sinclair Regional Sports Networks

The regional sports subsidiary of the Sinclair Broadcast Group has hired two investment banks that are active in sports media deals, according to a recent report. Last week, the Sports Business Journal said executives at Sinclair’s Diamond Sports Group think the hiring of the two investment banks — LionTree LLC and Moelis & Co. — may suggest that the broadcaster is interested in divesting its regional sports business.

How Aryeh Bourkoff Became Media’s Hottest Dealmaker

Even if you don’t know his name, you’re familiar with the megadeals — from WarnerMedia’s merger with Discovery to Amazon’s purchase of MGM — that the LionTree investment banker has helped engineer: “He’s a face-to-face guy. He gets that this business is about connection.”

Viacom Hires Firms To Perform Capital Review

Viacom has hired Morgan Stanley and LionTree to review its capital structure, a source familiar with the situation said on Wednesday, as the media company seeks ways to shore up its finances in the face of falling advertising sales. The review is a short-term assignment, said the source, who was not authorized to speak publicly about the matter and requested anonymity.