Former White House Chief Strategist Steve Bannon is being considered for a collaboration with Sinclair Broadcast Group (SBGI) - Get Report , the Financial Times reported.

David Smith, Sinclair's chairman, and largest shareholder, is an admirer of Bannon, according to FT sources, and the company is looking to increase its standing in the conservative media space.

Bannon returned to his role as chairman of conservative news agency Breitbart following his resignation from the Trump administration last week.

Sinclair shares were rising 2.74% to $30.05 in afternoon trading Tuesday.

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