Sinclair Broadcast Group, Inc. Class A Aktie News

BALTIMORE--(BUSINESS WIRE)--Sinclair's free, over-the-air multicast networks CHARGE, Comet and ROAR delivered exceptional ratings performance throughout November, driven by a combination of hit programming, franchise expansions, broadened national distribution, upgraded channel positions, and increased household reach across key DMAs. Across the month, each network delivered standout viewership...

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI) (the “Company” or “Sinclair”) today made the following statement in response to The E.W. Scripps Company's (Nasdaq: SSP) (“Scripps”) rejection of the Company's proposal for a potential combination with Scripps: “We are disappointed that despite Scripps encouraging Sinclair to make a proposal, Scripps' board rejected the proposal without ...

U.S. broadcaster E.W. Scripps' board on Tuesday unanimously rejected Sinclair's $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders.

Local TV station owner E.W. Scripps said Tuesday that its board of directors has rejected an unsolicited takeover bid by larger rival Sinclair Inc. Scripps, whose assets also include the Ion broadcast network, said the board's decision was unanimous. It followed Sinclair's disclosure last month that it had taken an 8.

Scripps said its board voted unanimously against the proposal, deciding it wasn't in the best interest of the company and its shareholders.

There's a frenzy of merger and acquisition activity in the media industry as cord-cutting has upended the economics. Broadcast station owners like Nexstar and Sinclair want in on the action.

U.S. broadcaster Sinclair has offered to buy E.W. Scripps in a cash-and-stock deal that values its smaller rival at $538 million, as cord-cutting and competition from streaming services lead to consolidation in the media industry.

Nexstar and Sinclair's stocks fell after President Trump went against his FCC head, saying that removing a cap on TV-station ownership would hurt Republicans.