Scripps confirms receipt of unsolicited proposal from Sinclair, Inc.
Rhea-AI Summary
The E.W. Scripps Company (NASDAQ: SSP) received an unsolicited acquisition proposal from Sinclair, Inc. (NASDAQ: SBGI) on Nov. 24, 2025.
The company said shareholders need not take any action at this time, and the board will review and evaluate any proposals in consultation with legal and financial advisors to determine the course of action it believes is in the best interests of shareholders, employees and communities served.
The company does not intend to comment further on Sinclair’s unsolicited proposal until the board completes its review; investor and media contact details were provided.
Positive
- Received unsolicited acquisition proposal from Sinclair on Nov. 24, 2025
- Board will review proposals with legal and financial advisors
- Company stated no shareholder action required at this time
Negative
- No financial terms or transaction structure disclosed
- Company will not comment further until board review completes
News Market Reaction
On the day this news was published, SSP gained 7.52%, reflecting a notable positive market reaction. Argus tracked a peak move of +21.3% during that session. Argus tracked a trough of -4.6% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $30M to the company's valuation, bringing the market cap to $430M at that time.
Data tracked by StockTitan Argus on the day of publication.
No shareholder action required at this time
CINCINNATI , Nov. 24, 2025 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) today received an unsolicited acquisition proposal from Sinclair, Inc. (NASDAQ: SBGI).
Scripps shareholders do not need to take any action at this time. Consistent with its fiduciary duties and in consultation with its legal and financial advisors, the company’s board of directors will carefully review and evaluate any proposals, including the unsolicited Sinclair proposal, to determine the course of action that it believes is in the best interests of the company and all of its shareholders as well as its employees and the many communities and audiences it serves across the United States.
The company does not intend to comment further on Sinclair’s unsolicited proposal until the board has completed its review.
Investor contact: Carolyn Micheli, The E.W. Scripps Company, (513) 977-3732, carolyn.micheli@scripps.com
Media contact: Becca McCarter, The E.W. Scripps Company, (513) 410-2425, rebecca.mccarter@scripps.com
About Scripps
The 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
Forward-looking statements
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FAQ
What did Scripps (NASDAQ: SSP) announce about Sinclair's proposal on Nov. 24, 2025?
Do Scripps shareholders need to take any action after the Sinclair proposal (Nov. 24, 2025)?
Will Scripps provide more details about the Sinclair unsolicited proposal immediately?
How is Scripps handling the Sinclair unsolicited acquisition proposal (Nov. 24, 2025)?
Where can investors find Scripps contact information regarding the Nov. 24, 2025 announcement?
