0839 ET - Sinclair's reported 8.2% stake in E.W. Scripps shows Sinclair's urgency to do a full-on acquisition in the face of Nextar's purchase of Tegna, according to Benchmark analyst Daniel Kurnos in a note. "It does highlight a feeling of need that Sinclair has to enact some sort of deal," Kurnos says. But unlike the Nexstar-Tegna deal, this merger would create just a half dozen duopolies in the top 50 markets excluding the ones Scripps already has in place, Kurnos says. Still, the deal would enable Sinclair to enact a tax-free spin-off its Ventures segment, which would unlock further value for shareholders, according to Kurnos. E.W. Scripps surges 23% premarket. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

November 17, 2025 08:39 ET (13:39 GMT)

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