Sinclair Broadcast Group said that it will reorganize its various businesses under a new holding company called Sinclair Inc., TheDesk.net reported. The company, which has earned the affectionate nickname “New Sinclair,” will serve as the parent for Sinclair’s broadcast properties, sports subsidiaries, streaming services and various media and non-media related investments, executives affirmed. Sinclair Inc. will become the new publicly-traded company that encapsulates the various media and non-media businesses. Nothing will change in terms of Sinclair’s board of directors, executive leadership or the business of the public company. Prior to the reorganization, Sinclair Broadcast Group included three primary subsidiaries: Sinclair Television Group (which included Compulse and the Tennis Channel), Diamond Sports (Bally Sports regional sports networks) and various private equity and real estate assets. After the reorganization is complete, Sinclair will consist of two primary subsidiaries: Sinclair Broadcast Group and Sinclair Ventures. The plan comes less than a month after Sinclair’s Diamond Sports division filed for chapter 11 protection. The reorganization is not expected to materially affect those bankruptcy proceedings.