As RBR+TVBR was first to report late Tuesday, The E.W. Scripps Co. Board of Directors has determined, “following a careful review and evaluation in consultation with its financial and legal advisors,” that Sinclair’s offer for $7 per share in a mix of cash and stock is not in the best interests of the company and its shareholders.
As the sun began to rise on the East Coast Wednesday, Sinclair Inc. responded.
