Broadcaster Sinclair builds stake in rival Scripps, presses for merger

Core Insights - U.S. broadcaster Sinclair has disclosed an 8.2% stake in rival E.W. Scripps, indicating a strategic interest in the company [1] - Sinclair has been in discussions for several months regarding a potential deal to combine the two companies, suggesting a move towards consolidation in the broadcasting industry [1] Company Summary - Sinclair's acquisition of an 8.2% stake in E.W. Scripps positions it as a significant player in the competitive landscape of U.S. broadcasting [1] - The ongoing talks for a merger or acquisition reflect a trend of consolidation among media companies, which may lead to increased market share and operational efficiencies [1]