The station group has had talks with the private equity groups that control the cable network with a 35-million home reach, according to the financial paper. Sources peg the price at more than $500 million.
WSJ Report: Sinclair Covets Tennis Channel
Sinclair Broadcast Group is interested in acquiring the Tennis Channel, according to the Wall Street Journal.
To that end, the station group has had periodic discussions with the private equity firms that own the majority of the cable network, the Journal story says. They include Apollo Global Management, Bain Capital Ventures, Battery Ventures, CCMP Capital and Columbia Capital.
The story says the owners are seeking more than $500 million for the network, which reaches some 35 million TV homes.
For more, go the Journal (subscription required).