Sinclair, one of the largest owners of broadcast stations in the U.S., is launching a strategic review of its broadcast business that could result in a merger.

Sinclair, a major local TV station group, announced that its board has authorized a "comprehensive strategic review" for its broadcast business, including potential sales and acquisitions.

Sinclair, one of the biggest owners of broadcast stations in the U.S., will explore M&A opportunities for its broadcast TV business.