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CINCINNATI - E.W. Scripps Company (NASDAQ:SSP) announced today it has received an unsolicited acquisition proposal from Sinclair, Inc. (NASDAQ:SBGI).
The media company’s board of directors will review the proposal in consultation with legal and financial advisors to determine the best course of action for shareholders, employees, and the communities and audiences it serves across the United States.
Scripps has advised its shareholders that no action is required at this time. The company stated it does not intend to comment further until the board completes its review of the proposal.
E.W. Scripps operates more than 60 local television stations in over 40 markets across the country. The company also owns national news outlets Scripps News and Court TV, as well as entertainment brands including ION, Bounce, Grit and Laff. Additionally, Scripps Sports serves professional and college sports leagues with local market coverage and national broadcast reach.
Sinclair is one of the largest television broadcasting companies in the United States, operating multiple television stations and regional sports networks.
Financial terms of the proposal were not disclosed in the company’s statement based on a press release.
In other recent news, Sinclair Inc. has acquired approximately 8.2% of the outstanding class A non-voting shares of The E.W. Scripps Company. This acquisition has sparked interest as reports suggest that Sinclair and E.W. Scripps have engaged in discussions about a potential deal, although no agreement has been finalized. E.W. Scripps has stated that its board and management remain committed to creating value for shareholders by executing their strategic plan.
In addition, Sinclair Broadcasting reported its third-quarter 2025 earnings, with revenue reaching $773 million, exceeding the company’s guidance. This performance has led Guggenheim to raise its price target for Sinclair Broadcasting from $19 to $20, maintaining a Buy rating. Sinclair’s management has provided guidance for fourth-quarter 2025 revenue to be between $815 million and $851 million, with Guggenheim projecting $838 million. These developments reflect Sinclair’s robust financial performance and strategic moves in the broadcasting sector.
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