Tag: broadcast consolidation

Sinclair Broadcast Group has made an unsolicited offer to acquire E.W. Scripps for $7 per share, following its recent disclosure that it had accumulated nearly a 10% stake in the company. The proposed deal would create a combined broadcaster valued…

In a strategic move to push for a potential merger, Sinclair Broadcast Group revealed that it has taken roughly an 8% stake in E.W. Scripps. The disclosure hit Monday, and the market went into full popcorn mode. Scripps shares spiked…