Sinclair Stock Drops Amidst Anti-Kerry Documentary

[Synnical]

http://www.thewbalchannel.com/news/3829973/detail.html

Possible Negative Fallout Against Sinclair Could Spread To Other Media, Analysts Say

POSTED: 4:02 pm EDT October 18, 2004
UPDATED: 4:11 pm EDT October 18, 2004

BALTIMORE -- Shares fell more than 8 percent Monday for Sinclair Broadcast Group, the media company based in suburban Baltimore that has said it will air this week a critical documentary about presidential candidate John Kerry's Vietnam-era anti-war activities.

In late trading on the NASDAQ exchange, Sinclair shares were off 59 cents at $6.45 a share. On Friday, the Legg Mason investment firm issued a report saying the documentary could harm broadcast deregulation efforts.

<snip>

The Legg Mason report said the decision "would likely turn Sinclair into another poster child for critics of the industry to target, and we believe there is some risk that the negative fallout could spread beyond Sinclair to other broadcasters by fueling the general backlash against regulatory relaxation and media concentration."

[takumi]

1. Yipppeeee!!!!!!!!!!!!

[juliagoolia]

2. That'll show em

We have the power.. we have the power.. YOU can take your country back! YOU, and YOU and YOU and YOU .. YOU have the Power!

[saigon68]

3. LETS GO GET THOSE BASTARDS

SCUM---- Especially that Hyman Creep.

[Wilber_Stool]

4. No fucking kidding.

I have a feeling that with a new FCC in power, they might have trouble getting there license renewed.

[Moderator]

5. Duplicate topic--Please continue discussion here:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x913878