Sinclair acquires 8.2% stake in E.W. Scripps' class A shares

CINCINNATI - Sinclair Inc. (NASDAQ:SBGI) has acquired approximately 8.2% of the outstanding class A non-voting shares of The E.W. Scripps Company (NASDAQ:SSP), according to a statement released Monday. Sinclair, with a market capitalization of $1.12 billion, appears significantly undervalued according to InvestingPro analysis, which may explain its aggressive move into acquiring Scripps shares.

In response to the acquisition, Scripps said its board of directors and management are focused on driving value for all shareholders through continued execution of its strategic plan.

The company stated that its board "will continue to evaluate any transactions and other alternatives that would enhance the value of the company and would be in the best interest of all company shareholders."

Scripps also indicated that its board "will take all steps appropriate to protect the company and the company's shareholders from the opportunistic actions of Sinclair or anyone else."

The E.W. Scripps Company operates as a diversified media company with a portfolio of more than 60 local TV stations across over 40 markets in the United States. The company also owns national news outlets Scripps News and Court TV, as well as entertainment brands including ION, Bounce, Grit and Laff.

Scripps describes itself as the nation's largest holder of broadcast spectrum and notes that Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach.

The company, founded in 1878, is also known as the steward of the Scripps National Spelling Bee.

The information in this article is based on a press release statement from E.W. Scripps Company.

In other recent news, Sinclair Broadcast Group reported its third-quarter 2025 earnings with a total revenue of $773 million, exceeding its prior guidance. This financial performance comes amid challenges in the broadcast sector. Additionally, Sinclair provided a forward-looking revenue guidance for the fourth quarter of 2025, estimating figures between $815 million and $851 million. Guggenheim has taken note of these developments and adjusted its price target for Sinclair Broadcasting from $19 to $20, while maintaining a Buy rating. The research firm projects Sinclair's fourth-quarter revenue to be around $838 million. These updates reflect the company's resilience and strategic outlook as it navigates current market conditions. Investors are closely watching Sinclair's progress following these recent announcements.

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