12:24 PM EST, 11/24/2025 (MT Newswires) -- EW Scripps (SSP) confirmed on Monday that it has received an offer from rival media company Sinclair (SBGI) to acquire the shares it does not already own in the company for $7 per share.

The offer comprises $2.72 in cash and $4.28 in combined company common stock, the company said.

Scripps said its board "will carefully review and evaluate any proposals, including the unsolicited Sinclair proposal, to determine the course of action that it believes is in the best interests of the company and all of its shareholders."

Sinclair currently owns over 7.6 million shares of Scripps, representing a 9.9% stake and is seeking a response to its proposal by Dec. 5.

Shares of EW Scripps were 6.6% higher in recent trading, while Sinclair was 1.2% lower.

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