By Nicholas G. Miller
Shares of E.W. Scripps rose after Sinclair said it had built a 8.2% stake in the company and said it was discussing a potential merger.
The stock rose 13% to $3.47 in premarket trading after closing Friday up 38% this year.
Sinclair said a merger between the companies could create more than $300 million in annual savings and that Scripps shareholders would receive an ownership stake in the combined company worth three times their shares' current value.
The proposed deal wouldn't require external financing, Sinclair said in its filing.
The Wall Street Journal reported Monday morning that the companies have had constructive talks about a potential deal and that Sinclair has bought up the stake in order to add pressure on Scripps to agree to a sale.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
November 17, 2025 06:33 ET (11:33 GMT)
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