Sinclair Broadcast Group, one of the largest owners of broadcast stations in the U.S., is reportedly considering selling more than 30% of its 185 owned or operated stations.

The media giant has enlisted the services of investment bank Moelis to evaluate potential asset sales, including the stations and the Tennis Channel. The stations up for sale include affiliates of Fox, NBC, ABC, CBS, and the CW, and are located in major markets such as Minneapolis, Portland, Pittsburgh, Austin, and Fresno, CNBC reported.

Sinclair CEO Chris Ripley stated during a recent earnings conference call that the company is open to divesting parts of its business.

“As we’ve always stated, we have no sacred cows,” Ripley said. “We want to unlock the sum of the parts valuation that we think we’re grossly undervalued for. And to the extent that asset sales makes sense in order to unlock that value and help us de-lever, then that’s something that we’d be open to as well.”

This move comes after Sinclair’s recent restructuring, which saw the company split into two operating units: the broadcast business and Sinclair Ventures, which includes non-media holdings. The company has lost more than 70% of its market value in the last five years, with a current market capitalization of about $975 million and an enterprise value of about $4.7 billion.

Read more at CNBC.