Sinclair details 9.9% E.W. Scripps (SSP) stake and proposed combination

Rhea-AI Filing Summary

Sinclair, Inc. filed Amendment No. 4 to its Schedule 13D regarding its investment in The E.W. Scripps Company Class A common stock. Sinclair reports beneficial ownership of 7,625,401 shares, representing 9.9% of the Class A shares, based on 76,869,408 shares outstanding as of September 30, 2025. The amendment updates the purpose of the investment, stating that on January 16, 2026 Sinclair issued a press release saying it has continued to express willingness to engage with Scripps on a proposed combination, but Scripps has indicated a preference to pursue its standalone plan. The amendment also attaches Sinclair’s press release, its earlier letter to Scripps, and Scripps’ written response as exhibits.

Insights

M&A and activism analyst

Sinclair keeps a 9.9% Scripps stake and signals interest in a combination while Scripps favors remaining independent.

The filing shows that Sinclair, Inc. beneficially owns 7,625,401 shares of The E.W. Scripps Company Class A stock, or 9.9% of the class, calculated using 76,869,408 shares outstanding as of September 30, 2025. Holding just under 10% can be significant for influence while remaining below certain ownership thresholds.

Amendment No. 4 mainly updates the stated purpose of ownership. On January 16, 2026, Sinclair disclosed via press release that it has continued to reinforce to Scripps its willingness to engage on a proposed combination, while Scripps has preferred to execute its standalone plan. This highlights a divergence between a large shareholder’s strategic preference and the issuer’s current direction.

The amendment also includes as exhibits Sinclair’s December 22, 2025 letter to Scripps, Scripps’ January 9, 2026 response, and Sinclair’s January 16, 2026 press release. These documents may provide more detail on each side’s position and any future changes would typically appear in subsequent ownership or transaction disclosures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

The E.W. Scripps Company

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

811054402

(CUSIP Number)

Narinder K. Sahai
c/o Sinclair, Inc., 10706 Beaver Dam Road
Hunt Valley, MD, 21030
410-568-1500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/16/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 811054402

1

Name of reporting person

Sinclair, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,625,401.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,625,401.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

7,625,401.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.9 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

The percent of class beneficially owned by Sinclair, Inc. (the "Reporting Person") was calculated based on 76,869,408 shares of Class A Common Stock, par value $0.01 per share, outstanding as of September 30, 2025, as disclosed in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 7, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, par value $0.01 per share
(b)	Name of Issuer: The E.W. Scripps Company
(c)	Address of Issuer's Principal Executive Offices: 312 WALNUT STREET, CINCINNATI, OHIO , 45202.
Item 1 Comment: This Amendment No. 4 ("Amendment No. 4") further amends and supplements the Schedule 13D initially filed on November 17, 2025, as amended by Amendment No. 1 filed on November 19, 2025, as amended by Amendment No. 2 filed on November 24, 2025, and as amended by Amendment No. 3 filed on November 26, 2025.
Item 4.	Purpose of Transaction
	Item 4 is supplemented to include the following: On January 16, 2026, the Reporting Person issued a press release in which it disclosed that it has continued to reinforce to the Issuer the Reporting Person's willingness to engage with the Issuer on a proposed combination, and the Issuer has refused to do so, instead stating the Issuer's preference to execute its standalone plan. A copy of the Reporting Person's press release is attached as Exhibit A to this Amendment No. 4. A copy of the Reporting Person's letter to the Issuer dated December 22, 2025, is attached as Exhibit B to this Amendment No. 4, and a copy of Issuer's response dated January 9, 2026, is attached as Exhibit C to this Amendment No. 4.
Item 7.	Material to be Filed as Exhibits.
	(1) Exhibit A (2) Exhibit B (3) Exhibit C

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Sinclair, Inc.

Signature:	Narinder K. Sahai
Name/Title:	Narinder K. Sahai/Chief Financial Officer
Date:	01/16/2026

FAQ

How many E.W. Scripps (SSP) shares does Sinclair, Inc. report owning?

Sinclair, Inc. reports beneficial ownership of 7,625,401 shares of The E.W. Scripps Company’s Class A common stock.

What percentage of The E.W. Scripps Company Class A stock does Sinclair, Inc. hold?

Sinclair, Inc. reports holding 9.9% of The E.W. Scripps Company’s outstanding Class A common stock.

What share count did Sinclair, Inc. use to calculate its 9.9% stake in SSP?

The 9.9% figure is based on 76,869,408 Class A shares outstanding as of September 30, 2025, as disclosed in E.W. Scripps’ Form 10-Q.

Why did Sinclair, Inc. file Amendment No. 4 to its Schedule 13D on E.W. Scripps (SSP)?

Amendment No. 4 updates the purpose of the transaction, noting Sinclair’s continued willingness to discuss a proposed combination with E.W. Scripps and Scripps’ stated preference to pursue its standalone plan.

What additional documents are attached to Sinclair’s amended Schedule 13D about SSP?

The amendment attaches three exhibits: Sinclair’s January 16, 2026 press release, Sinclair’s December 22, 2025 letter to E.W. Scripps, and E.W. Scripps’ January 9, 2026 response.

Who signed the Sinclair, Inc. Schedule 13D/A for The E.W. Scripps Company?

The amendment was signed by Narinder K. Sahai, who is identified as Chief Financial Officer of Sinclair, Inc.