Sinclair in Talks to Acquire Rival TV Station Owner E.W. Scripps, Eyeing $300 Million in Cost Synergies

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Sinclair, the second-biggest U.S. TV station group owner, disclosed that it has acquired an 8.2% stake in the E.W. Scripps Co. and has been in talks for several months about buying Scripps.

Sinclair, which operates and/or provides services to 185 TV stations in 85 markets, said it has “engaged in constructive discussions with [Scripps] for several months regarding a potential combination of the two companies” in a filing with the SEC Monday. Scripps has more than 60 stations in 40-plus markets.

Sinclair also disclosed that it has acquired approximately 8.2% of the outstanding Class A (non-voting) shares of Scripps on the open market.

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