Sinclair Interested in the Tennis Channel (Report)
Sinclair is the nation's largest owner of local TV stations.
Sinclair Broadcast Group is considering an acquisition of the the Tennis Channel, the Wall Street Journal said Monday.
The newspaper said Sinclair has had "on again, off-again" discussions over several months with the Tennis Channel as well as owners Apollo Global Management, Bain Capital Ventures, Battery Ventures, CCMP Capital and Columbia Capital.
With 164 stations, Sinclair is the nation's largest owner of local TV outlets, and it is seeking ways to control more of the content it broadcasts, while the 12-year-old Tennis Channel is in competition with behemoths like Fox Sports 1 and ESPN and might welcome a parent company with the means to invest in the asset.
Most network television companies are rumored to be in merger discussions. AMC Networks is considering an acquisition of Starz, for example.
The Journal said the Tennis Channel is seeking something north of $500 million.
Sinclair and the Tennis Channel declined to comment.