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Sinclair disclosed a stake in fellow broadcast station owner E.W. Scripps on Monday, in a move to push toward a merger of the companies.

Sinclair, which acquired a roughly 8% position in Scripps per the filing, recently launched a strategic review of its own business that could result in a tie-up. Scripps, for its part, has seen its struggles mount in the competitive industry and is among the smallest of its peers.

In the filing, Sinclair said it has been engaged in "constructive" discussions regarding a deal and believes that, if it were to reach an agreement, a transaction could be completed within nine to 12 months.

Sinclair said in the filing that based on trading multiples, there wo

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