It's time for George Soros to make a tender offer for Sinclair

[dolstein]

This is serious folks. Sinclar is planning to preempt network prime time programming in order to run a 40+ minute anti-Kerry documentary. Could you imagine the outrage from the right if CBS decided to air Farnheit 9/11 in prime time shortly before the election? How is this any different?

If what Sinclair is doing is legal, then clearly the law is badly flawed. But one way or another, Sinclair needs to be shut down. And what better way to shut them down than to buy them out? Sinclair obviously has no understanding of what the term "public interest" means. And Soros is a smart guy -- I'm sure the SBG would thrive under his leadership.

[movonne]

1. Don't they have to want to sell????

[dolstein]

2. It's a publicly traded company

I'm sure the management owns a big chunk of shares, but there's nothing they can do to prevent other investors from selling their shares.

[Crunchy Frog]

3. That's "anti-Kerry" documentary

you may want to correct your post. (Not trying to be a smartass, just pointing it out.)

Good idea about Soros. I would really like to see him do something that would have a dramatic impact on the media.

[nothingshocksmeanymore]

4. HOmeland Security funds may have been used to make this movie

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x1024263

[MADem]

5. One of the few times I would ever support

...a VERY HOSTILE TAKEOVER!!!

[gauguin57]

6. Here's the insider holdings information on Sinclair Broadcasting...

About 42 million shares held by company officials, it seems ...

http://finance.yahoo.com/q/mh?s=SBGI

TOP INSIDER & RULE 144 HOLDERS (name, # of shares, date reported)

EHRHARDT,DYSON 11,810,500 6-Dec-02
SMITH, DAVID D. 11,347,320 19-Dec-03
SMITH, J. DUNCAN 11,072,300 6-Jan-04
SMITH, ROBERT E. 7,448,855 7-Apr-04
SMITH, FREDERICK G. 500,000 6-Jan-04


TOP INSTITUTIONAL HOLDERS

Earnest Partners LLC 4,946,278 5.77 $50,798,273 30-Jun-04
Gamco Investors Inc 3,640,000 4.25 $37,382,798 30-Jun-04
Morgan Stanley 3,004,303 3.51 $30,854,190 30-Jun-04
Westfield Capital Management Company 2,616,950 3.05 $26,876,075 30-Jun-04
Neuberger Berman, LLC 2,266,809 2.65 $23,280,127 30-Jun-04
Putnam Investment Management, LLC 2,081,861 2.43 $21,380,711 30-Jun-04
Perry Corp. 1,911,452 2.23 $19,630,611 30-Jun-04
Barclays Bank Plc 1,801,161 2.1 $18,497,922 30-Jun-04
Blackrock Inc. 1,428,435 1.67 $14,670,027 30-Jun-04
Janus Capital Management, LLC 1,417,887 1.66 $14,561,699 30-Jun-

[Guaranteed]

8. That's actually a GOOD thing.

Let's drop the price on the fucker and lose those bastards, oh, a good 100 million dollars.

[WiseMen]

7. Hostile buyout probably not possible.

[Guaranteed]

9. Don't forget Teresa

;)

[evilqueen]

10. Good Idea

Actually, I'd LOVE to see a group of liberals buyout Sinclair. Wasn't Al Gore talking about a startup? It would be nice to get Soros, Gore, and Teresa Heinz-Kerry and interested others to talk to each other about it.