News Summary

• Sinclair Broadcast Group owns, operates or provides services to 185 TV stations in 85 markets affiliated with all major broadcast networks.
• Sinclair has already upped its stake in Scripps recently — accounting for nearly 10% of the company’s class A common stock as of Nov. 17.
• The proposed $7 per share price tag would consist of both cash and stock.
• If approved, the deal would give Scipps’ shareholders about a 12.7% stake of the combined company upon closing.