- Sinclair Broadcast Group (NASDAQ:SBGI) is up 1.6% as it launches a unit focused on investment in emerging technologies.
- Sinclair Digital Ventures will put funds into partner companies who can engage Sinclair viewers with advertisers on a series of smaller screens (Web, social media, mobile).
- The unit will be overseen by COO David Amy, CFO Chris Ripley and the COO of Sinclair's Digital Group, Rob Weisbord.
- In its Q4 report last month, Sinclair noted that digital offering revenues were up 70.7%, and Web and mobile platforms had more than 35M unique visitors in December.
- Previously: Sinclair Broadcast Group higher on record results (Feb. 18 2015)