Another major deal for local TV stations may be brewing, with Sinclair Broadcast Group (and its 185 or so local stations) revealing Monday that it is pursuing a deal for E.W. Scripps, which owns some 61 local stations across the country.
Sinclair disclosed the talks in an SEC filing , in which it noted that it has acquired more than 8% of Scripps’ stock in recent weeks.
“The Reporting Person’s board of directors and management team, alongside financial and legal advisors, have engaged in constructive discussions with the Issuer for several months regarding a potential combination of the two companies,” Sinclair wrote in the filing, estimating that its offer was valued at about three times the value of recent trading prices of Scripps stock.
Another major deal for local TV stations m

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