Hunt Valley-based Sinclair Inc. is considering a merger with The E.W. Scripps Co. and has acquired 8% of Scripps Class A common stock, Sinclair said Monday. Sinclair, one of the nation’s largest owners of local TV stations, said in August it could buy or sell TV stations or seek new business partners as part of a broadcast industry evolution anticipated under the Trump administration. The broadcaster bought Scripps non-voting stock “in contemplation of a possible combination with the Issuer,” Sinclair said in a Monday filing with the U.S. Securities and Exchange Commission. The filing said Sinclair’s board of directors and [...]
Sinclair, hunting for acquisitions, eyes merger with rival broadcaster Scripps
