Why Sinclair’s $250 Million Sports Streaming Swing Could Deliver A Walk-Off Defeat Of Pay TV

News this past week that Sinclair Broadcast Group and investment banker LionTree are raising $250 million to launch a sports streaming service may not be quite as big a deal as, say, that $43 billion spinoff/merger between WarnerMedia and Discovery. But despite the difference in the number of zeroes involved, a Sinclair streaming service could  dramatically reshape the sports streaming leader board, and not incidentally, what’s left of the cable bundle and broadcast TV, too.


Sinclair 4Q Media Revenue Grows 86%

Distribution and digital revenue push that total to $1.6 billion, while the company’s total revenue climbs 82% to $1.6 billion.