PHILADELPHIA (AP) - Lincoln Financial Group said Thursday it is considering selling its media businesses.
The insurance and investment management company said it has hired Merrill Lynch & Co. to explore strategic options for Lincoln Financial Media, which operates TV and radio stations, and its Lincoln Financial Sports syndication and production business.
Lincoln said the review does not mean a transaction is inevitable.
Shares of Lincoln National Corp. fell 81 cents, or 1.1 percent, to $70.74. The rose 47 cents to $71.21 in after-hours trading.
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