Sinclair's stock has lost $90 MILLION in value in the past 10 days

[wicket]

According to Media Matters: http://mediamatters.org/items/200410190004

""We are not partisan. We are investors," Glickenhaus explained today. "Sinclair's decision has caused harm to the value of our investment in Sinclair. We believe Sinclair must give equal time to an opposing point of view. Otherwise the company is placing its future and the value of our investment in jeopardy, by putting the renewal of its FCC licenses at risk, alienating local advertisers, and opening itself up to libel suits against the company."

Since Sinclair's decision to air Stolen Honor became public on October 9, the company's stock has fallen nearly 13 percent, as of the close of the market yesterday, October 18, wiping out nearly $90 million in shareholder value."

:D

[JuniorPlankton]

1. Money. This is where it REALLY hurts

:kick:

[wicket]

2. It's the only way to hurt the corporatists

The almight buck!

[JuniorPlankton]

3. Corporations

and the "apolitical"

[OneTwentyoNine]

4. Bawhahaaaah....KICK nt

[dave123williams]

5. Ah, these guys are religious zealots; they're not going to care that...

...they're destroying their own company to make a point. I suppose I'd have to dump the stock based on just objective assesment of their board and officers.

Naturally, I'd be dumping their stock to send them a message about their politics, too.

[wishlist]

8. Mark Hyman will be portraying himself/Sinclair as righteous victims soon

I expect Mark Hyman to start portraying him and Sinclair as victims of a vicious Kerry political effort to stifle the truth.

[alisongiggles1960]

38. No doubt they will, but Kerry can always do as Bush does

look up and down and all around as people speak for him, then deny he agrees with the tactics or the message. Bush mostly lets his minions to the smearing then seems to forget them even when they're still on stage with him.

Kerry's playing it smart, but sometimes I do wish he'd play a bit rougher. He has SO much unused dirt on Bush, probably more than even we can glean. It would be lovely to hear some of it hit the airwaves before Nov.2. Fair play be damned, in this day and age fair play will get you left behind, at least in Bush's demographic. They want dirt and loads of it, big mucky piles of it to fertilize their fields.

[lil-petunia]

22. I suspect that they believe in Hamilton first, god second

You know, the engraving Hamilton.

[richabk]

6. Should we be surprised if...

If (God forbid) Bush wins and Sinclair gets a no-bid contract to install television services in Iraq and to the overseas troops.....say for around $90 million or so?

[Vickers]

7. Tell me again how fiscally responsible the Republicans are...?

:spank:

[AmerDem]

9. update Sinclair stock continues to tumble!

6.28 -0.21 / -3.24% 1:12 PM ET
10/19/2004
Open: 6.66 Volume 528,565

High: 6.67 Volume Avg: 358,900

Low: 6.26 P/E Ratio: 14.95

Prev. Close: 6.49 Dividend Yield: 1.59

52-Week Low: 6.37 Market Cap (mil): 287.75

52-Week High: 15.43




http://money.cnn.com/quote/quote.html?shownav=true&symb=SBGI

[barb162]

27. EMAIL THE FCC AND COMPLAIN like I just did. I just asked

why Sinclair's partisan attempt to influence the election should not result in their license being lifted BEFORE the showing of the film.

[AmerDem]

31. I've phoned the FCC

in regards to Sinclair already.

[Iceburg]

10. But the execs knew this was coming and did a big sell

off earlier this year when the price was around $14. Be vigilant do not let these crooks go free -- it is important to maintain a boycott of their advertisers after the "program" . The sinclairites/advertisers have funded bushco to the tune of $Millions

Take P&G for example: $500K (excluding their wifes/"HOMEMAKERS")

[olddem43]

11. Damn! I hate to hear that. -

not. I called and told my local station that I would never turn it on again if they aired that program. And I mean it.

[Kukesa]

12. Kick! n/t

[proud patriot]

Wheeee !

This just topped the vision of a freeper running down the street
after trying to steal a Kerry sign with a wet ass. :evilgrin:

[wicket]

20. I wish that had been caught on camera!

TOO funny hehehehehe :)

[proud patriot]

33. Just the vision is enough the make me smile everytime I think of it

B-)

[wicket]

37. definitely!

:D Too too funny :D

[Hutzpa]

13. They even fire their Press Liason Officer

yesterday for talking against the film.

[lil-petunia]

14. $6.22 per share as of 5 minutes ago

will it break 6?

[AmerDem]

16. i'm sure it will

Then it will hit a point where everyone starts to dump. Perhaps...$5.50 ish. But what do I know.

[ronnykmarshall]

30. Here's a snapshot of the last few months.

[OneTwentyoNine]

42. Looks like it was on an upward swing until the "bash Kerry" announcement..

Then its fallen like a rock. How horrible.....

David

[Occulus]

48. What happened in EARLY Aug.?

Obviously, the shareholders are restless, to say the least, but what's that FIRST dive all about?

[Cat Atomic]

15. Now THAT'S a campaign contribution.

It's really going to sting if Bush loses, eh?

[wicket]

17. don't you mean WHEN Bush loses?

:evilgrin:

[Cat Atomic]

18. I don't know, man.

I'm sure he'll lose the vote, but that didn't keep the ass out of the WH last time.

[wicket]

19. totally agree

I was just trying to think postive, but with these thugs, anything is possible. I just hope it's a decisive victory so we won't have to worry about all that crap. NEVER AGAIN!!!

[Skidmore]

21. So who's next---CNN? Faux? MSNBC? nt

[lebkuchen]

23. You can't buy this kind of bad press!

[barb162]

24. tee hee my heart is really bleeding

[Me.]

25. The Extra Bonus In All Of This

is that advertisers may be learning they don't want to tick off "progressives" any more. They've been so focused on the Rw's for so long that they seemed to forget that we have more $ not to be spent on their products, should we choose, than their little backwater freepers.

[wicket]

28. The one good thing to come out of Bush's presidency

Liberals finally got organized and started fighting back :evilgrin:

[NVMojo]

49. ain't that the truth!!!

I like yer website, Bluebus.

[Emboldened Chimp]

26. Shares DOWN 0.22 or 3.39%....

Now worth only $6.27. Would've been a good stock to short...

[lil-petunia]

29. 6.23, with volume at 833K - one of the highest. sell, sell, sell

Those bastards will really feel the heat at 6.10. Under 6, I read a rumor that that alone will scare off investors and advertisers, make it into a tailspin.


The power of the people.

At work. And it is hard work. it is hard. hard work.

[AmerDem]

32. another update...6.20 and still sinking

http://money.cnn.com/quote/quote.html?shownav=true&symb=SBGI

[matcom]

34. $6.16 AND FALLING TO THE EARTH LIKE A FUCKING DDAAAARRRTTTT

:bounce:

[AmerDem]

35. LOL....this thread shows 6.12

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x2512406

[LibertyorDeath]

36. I'm loving this.

I'm sure every crap Rightwing Media outfit in America (fauxcnnmsnbc...etc) is watching this and getting nervous. :)

Love it!

"Sinclair's stock has lost $90 MILLION in value in the past 10 days"
:bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce:

[LibertyorDeath]

39. Kick

[Joefess]

40. MUHAAHAHAH

:)

[OneTwentyoNine]

41. Ohhhh,the Humanity.......BAWHAHAHA kick nt....

[wicket]

43. kick!

:kick:

[obreaslan]

44. OK, it's up 4.5% today....

What's going on? Are people buying unto the Bu**Sh*t that they have compromised by not showing the whole film.

We need to keep up the pressure!

:grr: :nuke: :grr::nuke: :grr::nuke: :grr::nuke: :grr::nuke: :grr::nuke: :grr::nuke: :grr::nuke: :grr::nuke: :grr::nuke: :grr:

[BUSHOUT]

45. I thing it gets artificially propped up by a big buyer buying high. n/t

[wicket]

46. exactly n/t

[jwirr]

47. General Mills letter

said they would not help to suppress free speech.