Sinclair recently launched a strategic review that could result in a merger.
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Sinclair
disclosed a stake in fellow broadcast station owner E.W. Scripps
on Monday, in a move to push toward a merger of the companies.
Sinclair, which acquired a roughly 8% position in Scripps, per the filing, recently launched a strategic review of its own business that could result in a tie-up. Scripps, for its part, has seen its struggles mount in the competitive industry and is among the smallest of its peers.
U.S. broadcaster E.W. Scripps' board on Tuesday unanimously rejected Sinclair's $622 million acquisition proposal.
Sinclair, one of the largest owners of broadcast stations in the U.S., is launching a strategic review of its broadcast business…
Nexstar, Tegna and Sinclair are among the broadcast station groups eager to consolidate as the industry awaits regulatory changes.
CEO Adam Symson said in an interview with CNBC the changes are intended to alleviate journalists from administrative tasks, but…
The Omaha-based conglomerate bought 5 million shares of Sirius XM via separate transactions on Thursday, Friday and Monday.
The two largest radio companies in the United States, iHeartMedia and Sirius XM, are in early talks to create the largest radio…
