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Stock impact report

Broadcast station owners want to consolidate. They're struggling to get deals to the finish line [CNBC]

E.W. Scripps Company (The) - Class A (SSP) 
Last e.w. scripps company (the) - class a earnings: 11/8 07:30 am Check Earnings Report
Company Research Source: CNBC
Broadcast station owners like Nexstar and Sinclair want in on the action. Sinclair has made a hostile offer to acquire E.W. Scripps after issues of control have thus far doomed a friendly deal, sources told CNBC. Nexstar and Tegna have proposed a deal that requires changes to decades-old FCC rules that would prevent their merger. Peer companies are slow to attempt deals until those changes happen, too. FCC Chairman Brendan Carr has been vocal about his support to remove the rules, but in recent weeks President Donald Trump slammed proposed consolidation in a Truth Social post. In this article The Sinclair Broadcast Group, Inc. headquarters are seen July 17, 2024 in Cockeysville, Maryland. Kevin Dietsch | Getty Images The broadcast television industry knows it needs to consolidate. It's just struggling with how to do it. In August, Nexstar Media Group, the largest owner of broadcast stations in the U.S., announced a proposed $6.2 billion deal to buy Tegna — a combinatio Show less Read more
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