Sinclair Media, the world’s largest media conglomerate, said Thursday that it will close about 300 media properties across the country, including several in Ohio.
It also said it would lay off a quarter of its workforce and move more than 1,000 employees out of the state.
The company said it expects the closures to take place in the coming weeks.
“This is not an isolated event,” Sinclair Chairman John Malone said in a statement.
We are taking steps to ensure the continued vitality and success of our businesses and the communities they serve.” “
We are very proud of our media properties, which will continue to thrive.
We are taking steps to ensure the continued vitality and success of our businesses and the communities they serve.”
The company’s announcement comes as media companies grapple with how to retain and grow their newsrooms as the digital age and other challenges force them to rethink how they cover stories and platforms that have been dominated by traditional media companies.
Sinclair has had a difficult relationship with the media industry.
In 2016, the company was criticized by President Donald Trump for failing to pay for a series of news stories that were based on anonymous sources.
In February, Trump fired the chief executive of Sinclair Broadcasting Group, which owns the stations WFAA and WTSP.
Sinclair also faces several lawsuits from the media companies and other organizations over its use of social media platforms to promote the Sinclair brands.
The companies have had to make significant investments in advertising in the past decade as the industry has changed in response to new technology and social media.
The moves will come as the Trump administration continues to review media regulations and attempts to roll back protections against paid news and fake news, among other things.