As the sun began to rise on the East Coast Wednesday, Sinclair Inc. responded to the decision by The E.W. Scripps Co. Board of Directors, "following a careful review and evaluation in consultation with its financial and legal advisors," to decline Sinclair’s offer for $7 per share in a mix of cash and stock.
The E.W. Scripps Co. said late Tuesday that its board 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.
In a just-released decision, the Second Circuit overturned a New York federal district court ruling that had granted Nexstar Media Group’s motion to dismiss claims from DirecTV that it engaged in antitrust activities when it failed to reach a retransmission consent accord with the DBS provider in 2022.
A streaming platform joint venture between Xfinity parent Comcast and Spectrum parent Charter Communications has distributed a report with data suggesting connected TV home screen ads "drive measurable business impact for advertisers." Is this "prime real estate," or simply more highly trumpeted puffery from an industry intent on taking as many ad dollars from over-the-air TV as it can?
Adam Jacobson
Please show your support by using the Ko-Fi link at the bottom of the page. Thank you for supporting REC's efforts!