Acquisition Proposal

The E.W. Scripps Company adopted a limited-duration shareholder rights plan effective Nov. 26, 2025, in response to an unsolicited acquisition proposal. The one-year plan aims to protect shareholders from coercive tactics, allow the board time to evaluate offers, and ensure full value for shareholders. It immediately limits unsolicited acquisition actions but provides the board flexibility to consider strategic alternatives. The board emphasized its commitment to acting in shareholders’ best interests.

MarketWise (MKTW) received an unsolicited proposal from Monument & Cathedral Holdings to acquire outstanding shares for $17.25 per share, contingent on terminating MarketWise’s tax receivable agreement (TRA). The Board is reviewing the proposal, but cautioned it may not lead to a transaction. Details are in Exhibit 99.2 of MarketWise’s Form 8-K filed on October 30, 2025. The TRA contingency adds complexity, potentially affecting deal value. Investors should watch for updates on the TRA’s status and Board’s assessment before making any investment decisions.