Scripps responds to Sinclair share purchase
Rhea-AI Summary
The E.W. Scripps Company (NASDAQ: SSP) said Sinclair Inc. (NASDAQ: SBGI) has acquired approximately 8.2% of Scripps' outstanding class A (non-voting) shares as of Nov. 17, 2025. The Scripps board and management said they remain aligned on executing the company's strategic plan and are focused on driving value for all shareholders.
The board said it will evaluate transactions and other alternatives that could enhance shareholder value and will take steps it considers appropriate to protect the company and its shareholders from opportunistic actions by Sinclair or others.
Positive
- 8.2% stake acquired in class A shares
- Board committed to evaluating transactions to enhance value
- Board and management aligned on shareholder-value focus
Negative
- Stake consists of class A non-voting shares (limited control)
- Board signaled concern about opportunistic actions by Sinclair
News Market Reaction
On the day this news was published, SSP gained 39.87%, reflecting a significant positive market reaction. Argus tracked a peak move of +41.5% during that session. Our momentum scanner triggered 66 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $118M to the company's valuation, bringing the market cap to $415M at that time. Trading volume was exceptionally heavy at 7.0x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
CINCINNATI, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Today, Sinclair Inc. (NASDAQ: SBGI) disclosed that it has acquired approximately
Scripps’ board of directors and management are focused on driving value for all of the company’s shareholders through the continued execution of its strategic plan. The board and management are aligned on doing only what is in the best interest of all of the company’s shareholders as well as its employees and the many communities and audiences it serves across the United States.
The company’s board has and will continue to evaluate any transactions and other alternatives that would enhance the value of the company and would be in the best interest of all company shareholders. Likewise, the board will take all steps appropriate to protect the company and the company’s shareholders from the opportunistic actions of Sinclair or anyone else.
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
FAQ
What did Sinclair disclose about Scripps (NASDAQ: SSP) on Nov. 17, 2025?
Does the 8.2% stake in Scripps give Sinclair voting control?
How is the Scripps board responding to Sinclair's share purchase?
Will Scripps consider selling the company after Sinclair's 8.2% purchase?
Who can investors contact at Scripps for more information about the Nov. 17, 2025 disclosure?
