US EditionBroadcaster E.W. Scripps Rejects Sinclair's $622 Million Takeover Bid
Scripps' board rejected Sinclair's $7 per share offer citing shareholder interests and regulatory limits, while staying open to other value-enhancing opportunities, the company said.
- On Dec. 16, E.W. Scripps Co. board unanimously rejected Sinclair Broadcast Group's unsolicited acquisition proposal after consulting financial and legal advisors.
- On Nov. 24, 2025, Sinclair Broadcast Group proposed to buy all E.W. Scripps Co. shares it did not own for $7 per share after acquiring a 9.9% stake.
- The proposal cited $325 million in cost synergies and a $8.6 billion market cap based on a 7:1 EV/EBITDA ratio, Sinclair said.
- Scripps retained Morgan Stanley, financial advisor, and Weil, Gotshal & Manges, legal counsel, to review the bid and adopted a limited-duration shareholder rights plan in late November.
- Regulators maintain a 39% national ownership cap, and Sinclair-Scripps would have exceeded it amid sector consolidation highlighted by Nexstar Media Group's $8.6 billion Tegna deal.
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Scripps board rejects Sinclair acquisition offer
The logo of the E. W. Scripps Company. (Graphic by The Desk) The Board of Directors for the E. W. Scripps Company has voted unanimously to reject an unsolicited offer made by Sinclair, Inc. last month, saying the bid was not in the best interest of the company or its shareholders. On Tuesday, Scripps executives said the vote came after a “careful review and evaluation” of the offer and consultations with financial and legal advisors, the outcome…
Scripps Rejects Sinclair’s Unsolicited Acquisition Offer
The board of E.W. Scripps Co. unanimously rejected the unsolicited acquisition proposal submitted by Sinclair, the second-biggest U.S. TV station owner group, Scripps announced Tuesday. Sinclair on Nov. 24 had offered $7 per share (in a mix of cash and stock) for stock in Scripps that it does not already own; it previously had acquired […]
Enid News & Eagle
The Caledonian RecordThe E.W. Scripps Company board determines the Sinclair proposal is not in the best interests of ...
CINCINNATI, Dec. 16, 2025 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) board of directors has unanimously decided to reject the unsolicited acquisition proposal submitted by Sinclair, Inc. on Nov. 24, 2025, to acquire all of the outstanding shares…
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