{"id":297113,"date":"2025-11-17T13:23:13","date_gmt":"2025-11-17T13:23:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/297113\/"},"modified":"2025-11-17T13:23:13","modified_gmt":"2025-11-17T13:23:13","slug":"sinclair-tries-to-buy-ew-scripps-in-local-tv-station-megadeal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/297113\/","title":{"rendered":"Sinclair Tries to Buy EW Scripps in Local TV Station Megadeal"},"content":{"rendered":"

\n\tAnother major deal for local TV stations may be brewing, with Sinclair Broadcast Group<\/a> (and its 185 or so local stations) revealing Monday that it is pursuing a deal for E.W. Scripps, which owns some 61 local stations across the country.<\/p>\n

\n\tSinclair disclosed the talks in an SEC filing<\/a>, in which it noted that it has acquired more than 8 percent of Scripps\u2019 stock in recent weeks.<\/p>\n

\n\t\u201cThe Reporting Person\u2019s board of directors and management team, alongside financial and legal advisors, have engaged in constructive discussions with the Issuer for several months regarding a potential combination of the two companies,\u201d Sinclair wrote in the filing, estimating that its offer was valued at about three times the value of recent trading prices of Scripps stock.<\/p>\n

\n\tBased on the filing, it is not clear that Scripps has been receptive to the overtures. Company executives are set to deliver a presentation on business strategies Tuesday at the Wells Fargo TMT summit.<\/p>\n

\n\tSinclair wrote in its filing that it believes the local TV station business needs to continue consolidating in order to survive the competition from tech companies and the big media companies, many of which own their network partners.<\/p>\n

\n\t\u201cRecent industry consolidation and intensifying competition reinforce the Reporting Person\u2019s view that further scale in the broadcast television industry is essential to address secular headwinds and compete effectively with larger-scale big-tech and big-media players, as well as major broadcast groups,\u201d the filing continued. \u201cGreater scale will also strengthen broadcasters\u2019 ability to sustain their vital public service role in producing local news. The Reporting Person believes combining with the Issuer provides the ability to compete successfully for advertising share, critical programming, and distribution economics through enhanced local and national scale, coupled with disciplined execution of synergies.\u201d<\/p>\n

\n\tEarlier this year Nexstar inked a $6.2 billion deal for TEGNA<\/a>, a deal that if allowed to proceed would make it the largest owner of local TV stations in the country. Sinclair announced its own strategic review around the same time.<\/p>\n

\n\tThe hope among station owners is that the Trump administration<\/a>, and FCC chairman Brendan Carr, will allow for consolidation that was simply not possible before.<\/p>\n","protected":false},"excerpt":{"rendered":"Another major deal for local TV stations may be brewing, with Sinclair Broadcast Group (and its 185 or…\n","protected":false},"author":2,"featured_media":297114,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[88,145074,92],"class_list":{"0":"post-297113","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tv","8":"tag-entertainment","9":"tag-sinclair-broadcast-group","10":"tag-tv"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/297113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=297113"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/297113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/297114"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=297113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=297113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=297113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}