Business
The E.W. Scripps Company board determines the Sinclair proposal is not in the best interests of the company and its shareholders
The board remains open to all opportunities to maximize shareholder value CINCINNATI, Dec. 16, 2025 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP)
About this update from E.w. Scripps Company (the)
[{"type":"text","content":"The board remains open to all opportunities to maximize shareholder value\nCINCINNATI, Dec. 16, 2025 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) board of directors has unanimously decided to reject the unsolicited acquisition proposal submitted by Sinclair, Inc. on Nov. 24, 2025, to acquire all of the outstanding shares of Scripps that it does not already own for $7 per share in a mix of cash and stock. The Scripps board determined, following a careful review and evaluation in consultation with its financial and legal advisors, that Sinclair’s offer is not in the best interests of the company and its shareholders. Kim Williams, the chair of Scripps’ board, said, “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.” AdvisorsMorgan Stanley & Co. is acting as financial advisor and Weil, Gotshal & Manges LLP is acting as legal advisor to Scripps. Investor contact:Carolyn Micheli, The E.W. Scripps Company, (513) 977-3732, [email protected] Media contacts:Becca McCarter, The E.W. Scripps Company, (513) 410-2425, [email protected] Edelman Smithfield, [email protected] About ScrippsThe E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of more than 60 stations in 40+ markets. Scripps reaches households across the U.S. with national news outlets Scripps News and Court TV and popular entertainment brands ION, ION Plus, ION Mystery, Bounce, Grit and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV hous...