broadcast
Is Sinclair Angling to Acquire Scripps? And Will it Work?
Sinclair shook up the media and broadcasting worlds this week by taking an 8.2 percent equity stake in E.W. Scripps. The $15.6 million in Scripps’ Class A common stock isn’t enough to raise eyebrows, except for the fact that it signals a clear intent to acquire the broadcaster, possibly in hostile style.