Sinclair Broadcast Group Inc

Another big broadcaster may be on the verge of bankruptcy. Sinclair Broadcast Group Inc., which is controlled by David Smith and his family and operates 58 television stations, said that if it couldn't restructure its heavy debt load, it would have to file for bankruptcy protection. The Baltimore-based company, which has about $1.3 billion of debt, is trying to negotiate terms on notes of $500 million that are coming due in the next 18 months.