Monday, October 18, 2004

Sinclair Broadcasting (SBGI) has ordered all 62 of their TV stations to air a slime piece on John Kerry entitled "Stolen Honor." There is a powerhouse citizen's movement afoot to confront Sinclair by driving the company's stock down, and persuading their advertisers to pull out. There will also be legal challenges to Sinclair's FCC licenses. Sinclair stock took a nosedive today and ended at $6.49, down .55 cents a share, on a huge volume of 1,147,658 shares (that's triple their average daily volume.) The stock lost 7.81% of its value today.

Here are a couple of links to Sinclair-related sites:

http://www.sinclairwatch.org/

http://www.dkosopedia.com/index.php/Sinclair_Broadcast_Group#Advertiser_Responses

Wonder how the Republicans are enjoying the wonders of their beloved free market in action?

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