Sinclair Broadcast Group, Inc. announced today that it has launched Sinclair Digital Ventures ("SDV"), a division of the Company that will invest in emerging digital technologies and digital content companies. 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, Chief Operating Officer, Sinclair Digital Group.
"Expansion of our digital footprint is integral to our longer term growth plan, especially as viewing consumption trends evolve," commented David Smith, President and CEO, Sinclair. "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."
About Sinclair Digital Ventures:
Sinclair Digital Ventures is owned by Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies with affiliations across all the major networks and multi-platform offerings. For more information on Sinclair Digital Ventures or potential partnerships, please visit their website www.sinclairvc.com, or contact Jason Smith, Director of Sinclair Digital Ventures, at 206-404-5442.