Sinclair takes 8% stake in EW Scripps as broadcaster eyes potential acquisition

NEW YORK (AP) — Broadcast giant Sinclair has taken a more than 8% stake in E.W. Scripps, as it eyes a potential merger with the smaller local TV rival. In a regulatory filing on Monday, Sinclair disclosed that it purchased 8.2% of Scripps' Class A common stock “in contemplation” of a wider bid to acquire the company. Sinclair said that it had held months of talks “regarding a potential combination" with Scripps — and maintained that increasing scale overall is “essential to address secular headwinds and ...