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David Shuster's update on Sinclair!!!!!!!!!!!!!!!!

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helpisontheway Donating Member (641 posts) Send PM | Profile | Ignore Tue Oct-19-04 02:43 PM
Original message
David Shuster's update on Sinclair!!!!!!!!!!!!!!!!
I found this on HARDBLOGGER!!!

Yesterday, the Sinclair Broadcast Group fired its Washington, D.C. bureau chief after he criticized plans to run an incendiary and error-filled documentary about John Kerry on 60 Sinclair stations. That reporter, Jon Lieberman, called the Sinclair show "biased political propaganda with clear intentions to sway this election." Tonight, Lieberman, will join 'Countdown with Keith Olbermann.' (Click here to watch Liebeman's interview with MSNBC's Alison Stewart.)

In addition to the news about the reporter, there are other Sinclair developments:

Famed shareholder attorney William S. Leach is accusing the Sinclair executives of insider trading and promises a lawsuit.

**"Stolen Honor" producer Carlton Sherwood is facing libel charges from former marine Kenneth Campbell who says footage of him with the accompanying narration leaves viewers with the false perception Campbell lied about his military service.

**Sinclair's stock price tumbled another 8 percent on monday. The company's stock has dropped 25 percent since Sinclair announced it was planning to run the partisan film.

**More than 75 Sinclair advertisers around the country have now pulled their television commercials from Sinclair stations.
Tonight on 'Countdown with Keith Olbermann' at 8 p.m. ET, we will have the latest on the Sinclair controversy...

What questions should we ask Lieberman and the Sinclair representative (if Sinclair provides one)???
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 02:50 PM
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1. Your first duty as a publicly held company is to the stockholders.

Why are you pursuing a political agenda without regard to the best interests of the stockholders and the betterment of your company?
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bush equals idiot Donating Member (757 posts) Send PM | Profile | Ignore Tue Oct-19-04 02:50 PM
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2. That's a great move.
Fire the guy with all the inside dirt on your corporation.

Whoop ti doo. Let er fly!!!
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AmerDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 03:00 PM
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3. according to Kos it's now 80 advertisers
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 03:06 PM
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4. My thoughts on Sinclair:
Edited on Tue Oct-19-04 03:07 PM by girl gone mad
News out says they are releasing their third quarter earnings on November 4. To me, that's a sign they had a bad quarter. If it was good news, they wouldn't want to release it on a day when no one will be paying attention.

If you want a good example of another company that angered a large group of people, look at SCO Group (SCOX). They decided a good business model would be suing companies that used Linux for ccopyright violations (they claimed the Linux code contained Unix code, which they own). It's not a perfect comparison, buut I think it's a reasonable one. The Linux community started shorting SCO's stock pretty heavily, and banded together to defend Linux users.

Here's the SCOX chart:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=scox&sid=0&o_symb=scox&freq=1&time=8

Even Microsoft's deep pockets couldn't save them.
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qb Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 03:07 PM
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5. They also got smacked by the NY State Comptroller
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crispini Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 03:09 PM
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6. New Sinclair press release
http://biz.yahoo.com/prnews/041019/phtu047a_1.html

BALTIMORE, Oct. 19 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group (Nasdaq: SBGI - News) announced today that on Friday, October 22, 2004 at 8:00 p.m. (7:00 p.m. central time) certain television stations owned by Sinclair Broadcast Group, Inc. will air a special one-hour news program, entitled "A POW Story: Politics, Pressure and the Media." In order to minimize the interruption of normally scheduled programming in those markets where Sinclair owns and/or programs more than one television station, the news special will be broadcast on only one of those stations. A complete list of stations which will be airing the program and the times of such broadcasts is attached.

(snip)

Contrary to numerous inaccurate political and press accounts, the Sinclair stations will not be airing the documentary "Stolen Honor" in its entirety. At no time did Sinclair ever publicly announce that it intended to do so. In fact, since the controversy began, Sinclair's website has prominently displayed the following statement: "The program has not been videotaped and the exact format of this unscripted event has not been finalized. Characterizations regarding the content are premature and are based on ill- informed sources."
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Lex Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 03:12 PM
Response to Reply #6
7. They are nuts.
Seriously. They are acting freaky.

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Minimus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-04 03:19 PM
Response to Reply #6
8. well then how come when I called my local sinclair owned station
ABC in Greensboro, NC and specifically asked if they were planning to air "Stolen Honor", I was told yes?

I did not aske if they were planning to air "A POW Story".

Somebody's pants are on fire.
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