Sinclair Broadcast Group to Acquire E.W. Scripps at $7 per Share

Sinclair Broadcast Group proposes to acquire the remaining shares of E.W. Scripps at $7 per share. E.W. Scripps operates in the media industry with a focus on local and national media brands. Financial metrics indicate challenges with profitability and financial strength for E.W. Scripps. The proposed deal values each Scripps share at $7, comprising $2.72 in cash and $4.28 in Sinclair common stock.