Scripps stock hits 1-1/2 year high after Sinclair discloses 8. 2% stake Comments Shares of TV station operator E. W. Scripps (SSP) hit a one-and-a-half-year high after larger rival Sinclair (SBGI) disclosed that it has taken an 8. 2% stake in a push to buy out the company and unlock more than $300M Quick Insights Sinclair could add more than 60 local TV stations, unlocking substantial cost synergies estimated at over $300M and expanding its presence across over 40 additional markets. Key hurdles include disagreements over how to share merger value, premium expectations for Scripps’ control, employee protection from synergies, and social issues such as ownership structure and board representation. Investor reaction has been positive, with both Scripps and Sinclair stocks rising sharply and peers in the broadcast sector also gaining on M&A optimism. Recommended For You More Trending News.
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