Scripps Rejects Sinclair Takeover Offer
Update: 2025-12-17
Description
Scripps Board Rejects Sinclair Takeover Offer: A Strategic Move in a Booming Television IndustryIn a significant development, the board of E.W. Scripps Company has declined Sinclairs takeover offer, valued at seven dollars per share. Sinclair, a major TV station owner, had proposed a cash and stock deal for the shares it didnt already own. Despite Sinclairs nine point nine percent stake in Scripps, the board, after consulting with advisors, deemed the offer not beneficial for the company or its shareholders. This decision comes amidst another major deal in the industry, Nexstars acquisition of Tegna. Scripps, with over sixty stations, remains open to other opportunities that could boost shareholder value.
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