Scripps rejects Sinclair offer
December 17, 2025
The EW Scripps Company board of directors has unanimously decided to reject the unsolicited acquisition proposal submitted by Sinclair in November, to acquire all of the outstanding shares of Scripps that it does not already own.
The Scripps board said that “following a careful review and evaluation in consultation with its financial and legal advisors”, it determined that Sinclair’s offer of $7-per-share is not in “the best interests of the company and its shareholders”.
Kim Williams, the chair of Scripps’ board, commented: “The board is committed to acting in the best interests of all Scripps shareholders as well as the company’s employees and the many communities and audiences it serves across the United States. After careful consideration, Scripps’ board determined that Sinclair’s unsolicited acquisition proposal is not in the best interests of Scripps and its shareholders. The board nonetheless remains open to evaluating opportunities to enhance shareholder value and will continue to consider any course of action, including any acquisition proposal, that is in the best interest of all shareholders.”
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