Sinclair Offers $538M for Scripps in Media Merger

Sinclair Broadcast Group proposes to acquire E.W. Scripps for $538 million, marking a 70% premium over Scripps last closing price. This move highlights a trend of consolidation in the media industry amidst declining traditional TV viewers and intense competition from streaming services. The deal, if approved, would require limited divestitures and result in an independent board with shared editorial standards.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.