Wall Street is overreacting to new sports joint venture, says EW Scripps CEO
Local TV station owners including Sinclair, TEGNA and EW Scripps all saw their valuations plummet this week after Disney , Warner Bros. Discovery and Fox announced a new sports joint venture set to launch this fall. Sinclair dropped 12% Wednesday, TEGNA fell 7.2% and Scripps plummeted 24% as…
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