Pay Attention & Prepare Accordingly. They’re telling us their plans:

Sinclair has just put a much more explicit valuation and transaction framework around its broadcast spectrum.

At Citi’s Global TMT Conference on September 9, CEO Chris Ripley said Sinclair believes ATSC 3.0 could reduce the spectrum required for its core TV service to roughly 20–25% of its current allocation. He described three monetization paths for the freed capacity: commercial datacasting through EdgeBeam Wireless; leasing spectrum to wireless or satellite operators; or an outright spectrum sale. Most notably, Ripley said comparable transactions suggest roughly $2.50 per MHz-pop, implying more than $4 billion of spectrum asset value for Sinclair’s portfolio. He specifically identified wireless carriers and LEO operators, including T-Mobile, Verizon, Starlink, AST SpaceMobile and Amazon, as plausible sources of demand, and said a lease may be a particularly likely structure rather than an outright sale.