FOX Sports RSN Yank Prompts PM Selloff Of Sinclair Shares


Up until 1pm Eastern on Friday, all looked well for Sinclair Broadcast Group shares, with trading in positive territory.

Then, with seemingly no warning, SBGI careened into a deep Wall Street canyon, dipping some 6.4% by 3:30pm Eastern and accelerating to a 7.7% dip just four minutes later.

Volume had exceeded its daily average of 1.64 million shares.

What triggered the sell-off? A strikeout that doesn’t even involve Sinclair — yet.

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