Broadcaster E.W. Scripps rejects Sinclair's $622 million takeover bid

Core Viewpoint - U.S. broadcaster E.W. Scripps' board unanimously rejected Sinclair's acquisition proposal of $622 million, stating it was not in the best interests of the company and its shareholders [1] Company Summary - E.W. Scripps' board decision reflects a strategic stance against the acquisition, prioritizing the company's long-term interests over immediate financial offers [1] - The rejection indicates potential concerns regarding the alignment of Sinclair's proposal with Scripps' operational goals and shareholder value [1]