Sinclair Inc., one of the largest U.S. TV broadcasters, offered to acquire competitor E.W. Scripps Co. for $7 a share in cash and stock, marking another proposed consolidation of station owners.

The offer, announced in a regulatory filing Monday, consists of $2.72 a share in cash and $4.28 in stock. The price represents a 70% premium over Scripps’ Nov. 21 closing price of $4.12.)

Scripps owns WXYZ-TV (Ch. 7) and WMYD (Ch. 20) in Detroit, WXMI (Ch. 17) in Grand Rapids and WSYM (Ch. 47) in Lansing, while Sinclair operates WWMT (Ch. 3) in Kalamazoo and WPBN (Ch. 7) in Traverse City and provides certain services to WEYI (Ch. 25) in Flint.

Shares of Scripps rose 8.5% to $4.47 at 1:16 p.m. in New York, giving the company a market value of about $397 million. Scripps said its board will review

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