Sinclair & Scripps Merger: Broadcast Industry Consolidation

Sinclair Broadcast Group aims to merge with E.W. Scripps, acquiring an eight percent stake in the company. This move could result in around $300 million in savings, but Scripps board is committed to protecting shareholders and their strategic plan. The potential merger reflects a trend in the broadcast industry towards consolidation amid shifts to streaming.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.