The board of E.W. Scripps Co. unanimously rejected the unsolicited acquisition proposal submitted by Sinclair, the second-biggest U.S. TV station owner groups.
TV, had made the hostile takeover offer three weeks ago to acquire rival Cincinnati-based Scripps, including WCPO-TV.
Local TV station owner E.W. Scripps said Tuesday that its board of directors rejected an unsolicited takeover bid by larger rival Sinclair Inc.
Sinclair’s $7 offer for Scripps was rejected, sparking possible board seat battles. Get insights on this evolving media M&A showdown and what’s next.
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HF Sinclair sees RS rating rise to 73

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This is read by an automated voice. Please report any issues or inconsistencies here. Sinclair Inc. has bought an 8% stake in E.W. Scripps and disclosed plans for a potential merger amid a wave of ...
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