Sinclair Digital Ventures “will focus on companies with products or services that support and expand Sinclair’s digital capabilities and non-linear footprint.” It will be overseen by David Amy, Sinclair’s COO; Chris Ripley, Sinclair’s CFO; and Rob Weisbord, COO of Sinclair Digital Group.
Sinclair Launches Digital Ventures Division
Sinclair Broadcast Group announced today that it has launched Sinclair Digital Ventures , a division that will invest in emerging digital technologies and digital content companies.
Sinclair said SDV “will focus on companies with products or services that support and expand Sinclair’s digital capabilities and non-linear footprint.”
The division will be overseen by David Amy, Sinclair’s COO; Chris Ripley, Sinclair’s CFO; and Rob Weisbord, COO of Sinclair Digital Group.
“Expansion of our digital footprint is integral to our longer term growth plan, especially as viewing consumption trends evolve,” said David Smith, Sinclair President-CEO. “Sinclair Digital Ventures’ focus is to seek partner companies whose products or services can help engage consumers and advertisers on multiple screens — Web, social media and mobile apps.
“We currently have several potential investments in the Digital Ventures pipeline whose emphases are on advancing advertiser reach, enhancing the users’ digital experience, and/or improving our digital content. With this announcement, we look forward to initiating conversations with other such partners,” Smith added.
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