Real Dictionary

syndicate
When newspaper articles or television programmes are syndicated, they are sold to several different newspapers or television stations, who then publish the articles or broadcast the programmes.
countable noun: A syndicate is an association of people or organizations that is formed for business purposes or in order to carry out a project.

syndicate in American English
a group or council of syndics
to form a syndicate
to manage as or form into a syndicate
intransitive verb: to combine to form a syndicate
noun: a group of individuals or organizations combined or making a joint effort to undertake some specific duty or carry out specific transactions or negotiations
transitive verb: to combine into a syndicate

syndicate in British English
noun: an association of business enterprises or individuals organized to undertake a joint project requiring considerable capital
verb: to sell (articles, photographs, etc) to several newspapers for simultaneous publication

syndicate in Insurance
noun: A syndicate is a grouping of underwriters who join together to insure very high valued property.