Scripps Adopts Poison Pill After Takeover Bid by Sinclair
The Sinclair headquarters in Cockeysville, Maryland, in 2024.
Photographer: Kevin Dietsch/Getty ImagesE.W. Scripps Co. adopted a so-called poison pill to thwart an unsolicited takeover bid by rival TV broadcast company Sinclair Inc.
The board said it took the action in an effort to ensure all shareholders get the best deal and protect them from “coercive tactics,” while giving the company time to examine all alternatives.