Originally posted by FredT
Funny where are all the cries of unfair when Sinclair was going to broadcast the Kerry piece? What a bunch hypocrites.
Fred, you are so funny,
. How can it be "unfair", Moore's spending money traveling all over to speak , and not "Lying", whereas,
Sinclair is using his stations and "Lying", stating that it is "NEWS" (this so-called-movie) in order to legally air it on TV.
Here's something I got emailed to me today.
Please sign a petition to help stop Sinclair!
Click this link---> STOPSINCLAIR.ORG
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Tell Sinclair Broadcast Group not to air right-wing propaganda.
StopSinclair.org Latest News
On October 15, StopSinclair.org presented a petition of 80,000 signatures to the main Sinclair headquarters in Baltimore, MD. A crowd of petition
signers congregated in front of the office to tell Sinclair to STOP its blatantly partisan practices. News media from across the country covered the
event.
$9,900,000: Sinclair's illegal in-kind contribution to the Bush campaign.
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#1 USA Today story on Sinclair
Sinclair Broadcasting takes a beating
By David Lieberman and James Cox, USA TODAY
Sinclair Broadcasting (SBGI) continues to feel heat from Wall Street as the company's 62 television stations prepare this week to air Stolen Honor:
Wounds That Never Heal, a documentary critical of Democratic presidential nominee John Kerry's Vietnam-era activities.
Shares closed Monday at $6.49, down 55 cents since Friday � and down 12% since Oct. 11, the first day of trading after the Los Angeles Times disclosed
Sinclair's plans.
Lehman Bros. cut its 12-month price target to $9 from $10 as analyst William Meyers noted in a report that airing the documentary "has no upside and
only multi-dimensional downside" for the company � for example by alienating advertisers and regulators.
But that's not Sinclair's only business problem � nor its only experience with controversy.
Sinclair's financial woes were highlighted Monday in J.P. Morgan's decision to initiate coverage with an "underweight" rating that indicates it is
expected to under-perform its peer group.
"In our conversation with management, we detected substantial frustration with the company's stock price," analyst Barton Crockett says.
Sinclair's stock is down 56.7% year-to-date compared with the S&P 500's rise of 0.2% for the year. He adds that Sinclair may consider trying to go
private but would be hindered by its debt.
Among the decisions that raised the ire of many investors and public-interest advocates:
� Since 2002 Sinclair has produced and distributed costly news and mostly conservative-opinion segments, called News Central, about national and
international affairs for stations' local newscasts. While Sinclair describes the package as a cheaper way to offer news, analysts question why its
small stations need to air news at all.
� Also related to news, in at least 11 regulatory filings last year and this year, Sinclair blamed the Iraq war for $2.2 million in lost ad revenue.
Sinclair's filings with the Securities and Exchange Commission say the Iraq conflict prompted advertisers to cancel or forced stations to pre-empt
ads for news.
� Until last summer, Sinclair has vigorously opposed the transition to digital television. The company said it wanted a technical standard that would
make it easier for homes to receive over-the-air signals on indoor antennas. But critics said Sinclair put its interests ahead of the country's, and
angered regulators, by trying to put off the expense of converting to digital TV.
� Sinclair has an ongoing battle with Jesse Jackson's Rainbow/PUSH Coalition. The group has asked the Federal Communications Commission to rescind
some Sinclair station licenses and keep it from buying more. The group says Sinclair used a minority-run company it controls to improperly create
duopolies � ownership of two TV stations in a market � in cities such as Oklahoma City and Dayton, Ohio.
In a seeming counterattack, Sinclair has asked a Georgia court for permission to review videotapes submitted in a lawsuit against Rainbow/PUSH by a
former employee.
� Investors also challenged Sinclair's decision in 2002 to invest $20 million in Summa Holdings, an auto dealership controlled by CEO David Smith.
This year Sinclair said it would make no additional investments in Summa.
Sinclair didn't return calls.