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Sinclair takes 8% stake in E.W. Scripps, pursuing acquisition, WSJ reports

Sinclair (SBGI) has accumulated about an 8% stake in E.W. Scripps (SSP) and is pursuing an acquisition of the local TV broadcaster, according to people familiar with the talks, The Wall Street Journal’s Lauren Thomas and Joe Flint report. The companies have held constructive discussions in recent months, but no deal has been reached yet, and Sinclair’s stake is expected to be disclosed in a regulatory filing on Monday.

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