Sinclair Broadcasting is proposing a $7-per-share deal to buy out the remaining shares of The E.W. Scripps Company, increasing its stake in the company to 9.9%. The move comes as President Trump has expressed disapproval for the Federal Communications Commission’s plans to lift national broadcast ownership limits.
Despite this, Sinclair CEO Christopher Ripley remains committed to the deal, stating that it will “unlock substantial and enduring value” for shareholders and strengthen local journalism. The proposal includes $2.72 in cash and $4.28 in Sinclair common stock, representing a 200% premium over Scripps’ recent stock price.
Scripps has agreed to review the proposal, but does not plan to comment further until its board completes its evaluation. This deal is part of a larger trend of consolidation among local broadcasters, with other companies like Nexstar and Apollo Global Management also exploring partnerships in the sector.
Source: https://www.axios.com/2025/11/24/sinclair-makes-full-takeover-bid-for-scripps