World
Sinclair Snaps Up 8% Stake in Scripps in Advance of Potential Merger
Sinclair, which owns and/or operates 185 television stations in 85 markets, has disclosed that it has taken an 8.2% equity stake in E.W. Scripps, with an eye toward acquiring the local broadcaster.
In a Monday filing with the Securities Exchange Commission, Sinclair reported it has picked up what amounts to $15.6 million in Scripps’ Class A common stock on the open market. The acquisitions were made “in contemplation of a possible combination with the issuer.”
In the same document, Sinclair went on to state that it has been “engaged in constructive discussions with [Scripps] for several months regarding a potential combination of the two companies.” Should an agreement be reached, Sinclair believes that a “transaction could be completed within nine to 12 months.”
Sinclair believes that a buyout of Scripps could unlock some $300 million in synergies. A takeover would add another 61 stations in 41 markets to Sinclair’s local TV portfolio.
Scripps also owns the Ion TV network, which in June hammered out a multiyear extension of its deal to carry Friday night WNBA games. Ion began partnering with the WNBA in 2023, inking a three-year pact worth $40 million. In the last month, Ion has averaged 549,000 viewers per day, making it the fifth-biggest broadcast draw behind NBC, ABC, CBS and Fox.
In addition to its WNBA slate, Ion also airs Saturday night NWSL doubleheaders.
Shortly after Sinclair filed its Schedule 13D form with the SEC, Scripps responded with a statement in which it emphasized that its board “will take all steps appropriate to protect the company and the company’s shareholders from the opportunistic actions of Sinclair or anyone else.”
Scripps went on to note that its board “has and will continue to evaluate any transactions and other alternatives that would enhance the value of the company and would be in the best interest of all company shareholders.”
The Sinclair gambit comes on the heels of Nexstar’s $6.2 billion acquisition of rival Tegna. While that deal awaits regulatory approval, FCC chairman Brendan Carr appears poised to eliminate or otherwise relax the legacy regulations that prohibit any station group from owning a portfolio that reaches more than 39% of all U.S. TV households. A review of the cap is currently underway.
Investors were bullish on the announcement, as shares of Scripps closed Monday up 39.87% to $4.28. On Friday, the stock closed at $3.06. Sinclair ended Monday’s trading up 4.91% to $16.87.
Sinclair owned the Bally Sports-branded suite of RSNs from August 2019 until late 2022, when subsidiary Diamond Sports Group moved to block its parent company from having any further say over the day-to-day operation of the channels.
World
Video: W.H.O. Chief Visits Ebola-Struck Region: ‘It’s Time to Move Fast’
new video loaded: W.H.O. Chief Visits Ebola-Struck Region: ‘It’s Time to Move Fast’
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W.H.O. Chief Visits Ebola-Struck Region: ‘It’s Time to Move Fast’
Dr. Tedros Adhanom Ghebreyesus, the director general of the World Health Organization, told The New York Times on a flight to the Democratic Republic of Congo that swift international support was necessary to contain the Ebola virus, which is spreading rapidly there.
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“Of course there are different scenarios, but it’s in our hands. We move fast, we will catch up. If we don’t, it will be a very serious problem. So it’s time to really move fast.” A dire warning from the World Health Organization chief as we approach Ituri, the province at the center of Democratic Republic of Congo’s Ebola outbreak. More than 1,000 suspected Ebola cases and over 200 suspected deaths have been reported here. With no vaccines and no treatment for the virus species fueling the outbreak, containment is where immediate efforts should focus, health officials say. It’s not easy. Testing capacity is still very low. Protective supplies are short. Both the facilities for isolation and the region’s overall health care infrastructure are insufficient. “We cannot tell them what the problem is, Ebola is one but there are many problems and we have to listen to them.” It’s not the first Ebola outbreak for Congo, and as a glimmer of hope, officials say at least one health care worker was discharged earlier this week after recovering. But international commitments to fund their response aren’t enough. Only one-third of the needed funds have been delivered, the W.H.O. chief says. “Do you think the world is moving fast enough right now?” “It’s starting to understand now, but I still don’t think it’s enough.”
By Bethlehem Feleke, Michael Anthony Adams and Alisa Shodiyev Kaff
May 30, 2026
World
Moscow, Taliban forge military alliance in power grab after US Afghanistan exit: reports
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Russia and the Taliban government in Afghanistan have signed a military cooperation pact, cementing an alliance that further solidifies Moscow’s influence in Central Asia, according to reports.
The deal, finalized Wednesday at an international security forum in Russia, followed a meeting between Russian Security Council Secretary Sergei Shoigu and Afghan Defense Minister Mohammad Yaqoob.
The Taliban Defense Ministry announced on X that Yaqoob had traveled to Russia to attend the conference.
Yaqoob is the Taliban’s former military chief and the son of Taliban founder Mullah Mohammad Omar.
AL QAEDA REMAINS MOST DANGEROUS TERRORIST GROUP 24 YEARS AFTER 9/11, EXPERT WARNS
Russia and the Taliban government in Afghanistan have signed a new military-technical cooperation pact, cementing an alliance that solidifies Moscow’s influence in Central Asia. (Photo by Elke Scholiers / Getty Images)
Omar had formed a close alliance with Osama bin Laden and provided a safe haven from which al Qaeda planned the 9/11 terrorist attacks.
As of Thursday, neither Russia nor the Afghan side had shared the further details of the new military agreement.
“Afghanistan and Russia have long and historical relations. In this direction, we want to move further. We have expanded bilateral relations,” Yaqoob said at the meeting.
The pact follows statements from a senior Russian security official who noted that Moscow has established a “full-fledged partnership” with Afghanistan’s ruling Taliban and is encouraging other countries in the region to expand cooperation with Kabul, Reuters reported.
The Taliban had regained power in August 2021, after overthrowing the U.S.-backed Afghan government run by President Ashraf Ghani.
In 2021, Russian President Vladimir Putin acknowledged the possibility of dropping Russia’s classification of the Taliban as a terrorist organization.
FORMER AFGHAN TRANSLATOR WARNS OF STARVATION, HUMANITARIAN CRISIS: ‘BACK TO WHERE WE STARTED IN 2001’
In 2021, Russian President Vladimir Putin acknowledged the possibility of dropping Russia’s classification of the Taliban as a terrorist organization. (Alexander Kazakov/Sputnik/Kremlin Pool Photo/AP, File)
In 2024, he called the Taliban “allies in the fight against terrorism” and Russia became the first country to formally recognize the Islamic Emirate of Afghanistan.
“After several years of vacillation, Russia has become the first country in the world to officially recognize the Taliban government in Afghanistan,” Nikita Smagin, an expert on Iranian foreign and domestic policies, Islamism and Russia’s policy in the Middle East, said in a report from the Carnegie Endowment for International Peace.
“It’s more of a symbolic gesture than something driven by trade or economic considerations,” Smagin added, describing how when Taliban militants entered the Afghan capital in August 2021, “Russia was already deemed eligible for special treatment.”
“Its diplomatic mission was immediately provided with security, and Russian Ambassador Dmitry Zhirnov became the first foreign diplomat to meet with the new rulers of Afghanistan,” he explained.
On Wednesday, Shoigu also called for Western countries to unfreeze sanctioned Afghan assets.
AFGHANISTAN’S ONLY WOMEN-LED RADIO STATION TO RESUME OPERATIONS AFTER TALIBAN LIFTS SUSPENSION
Russia has become the first country in the world to officially recognize the Taliban government in Afghanistan. (Photo by Elke Scholiers / Getty Images)
“We are convinced that Western countries should unfreeze blocked Afghan assets, fully recognize their responsibility for their 20-year presence in Afghanistan, and bear the burden of the country’s post-conflict reconstruction,” Shoigu said, according to reports.
“Moscow needs to take steps that will restore its image as an influential power that holds the initiative, and recognition of the Taliban regime serves precisely that purpose,” Smagin added.
“The status of the first country to establish official diplomatic relations with the Taliban government should ensure Russia has a leading role in discussions of regional security issues.”
The recognition of the Taliban, he said, was an attempt by Russia to “prove itself as a leading global force that is not afraid to break established norms and set precedents for other countries.”
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Moscow continues to emphasize the need to work directly with Kabul as it faces severe, ongoing security threats from various rival Islamist militant groups operating throughout Central Asia and the Middle East, Reuters said.
Shoigu also said Moscow was building a “pragmatic dialogue” with the Taliban that included security, trade, culture and humanitarian support, the outlet reported May 14.
World
Paris Saint-Germain wins the Champions League after penalty shootout victory against Arsenal
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