Sinclair Broadcast Group has made an unsolicited $7-per-share bid for E.W. Scripps, valuing the TV station owner at more than a 200% premium.

Scripps, founded in 1878 with the motto “Give light,” is known for editorial independence, but Sinclair is controlled by conservative-leaning owners who shape its news coverage.

President Trump has signaled skepticism about consolidation among local TV broadcasters, which could complicate Sinclair’s path to regulatory approval.

Sinclair Broadcast Group has made an unsolicited bid to buy rival station owner E.W. Scripps just a week after disclosing it had acquired shares of the company’s stock.

Sinclair filed a statement Monday with the Securities and Exchange Commission saying it will offer Scripps $7 per share, consisting of $2.72 in cash and $4

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