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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
soggy Donating Member (222 posts) Send PM | Profile | Ignore Sat Oct-09-04 07:31 PM
Original message
Let's hit Sinclair where it hurts
If we put pressure on the mutual fund institutions that own Sinclair, we'll likely win. Mutual funds aren't political, and they care about their public image. They have ENORMOUS power over coorporations and if they were to dump this company, Sinclair would be in a financial world of hurt. Write the FCC, but be sure to write these financial institutions below as well. They may be our best chance to win this...

Info below was pulled from a post by poster "Hard Attack"

THESE ARE THE TOP 10 INVESTMENT FIRMS COMPANIES THAT OWN BIG CHUNKS OF SINCLAIR BROADCASTING - INFORMATION OBTAINED FROM MSN MONEY CENTRAL: http://moneycentral.msn.com/investor/invsub/ownership/o...


Earnest Partners @ http://www.earnestpartners.com/default.asp?P=149858
SHARES HELD: 4,946,278

Gabelli Asset Management Co (gamco) http://www.gabelli.com /
SHARES HELD: 3,640,000

Westfield Capital Management Co http://www.westfieldcapital.com /
SHARES HELD: 2,616,950

Morgan Stanley Investment Management http://www.morganstanley.com /
SHARES HELD: 2,526,303

Neuberger Berman http://www.nb.com/home /
SHARES HELD: 2,266,809

Putnam Investment Mgmt http://www.putnam.com /
SHARES HELD: 2,081,861

Perry Corp WEBSITE UNKNOWN
SHARES HELD: 1,911,452

Barclays Global Investors Intl http://www.barclaysglobal.com /
SHARES HELD: 1,801,161

Blackrock Inc / Ny http://www.blackrock.com /
SHARES HELD: 1,428,435

Janus Capital Corp http://ww3.janus.com/Janus/Retail/JanusUmbrellaHomePage
SHARES HELD: 1,417,887

MORE INFORMATION - OTHER INSTITUTIONAL OWNERS AVAILABLE @ http://moneycentral.msn.com/investor/invsub/ownership/o...
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0rganism Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-09-04 07:41 PM
Response to Original message
1. Could George Soros pull off a hostile takeover?
Maybe it's time Mr. Soros took Chomsky's advice and became the media.
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soggy Donating Member (222 posts) Send PM | Profile | Ignore Sat Oct-09-04 07:57 PM
Response to Reply #1
3. he would be better off....
and MUCH more profitable, to sell short a few million shares. This stock is pretty much a dog anyway, and the negative press it's about to get may set a record.

this stock is at 7.50 now, about HALF of what it was before they refused to broadcast nightline's reading of the war casualties on april 30.

selling a few million shares short would sent this stock into a free fall, if not bankruptcy, and would lead to a very nice profit if he gets out at the right time.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-09-04 07:45 PM
Response to Original message
2. Here's an interesting tidbit of info....
http://www.atrios.blogspot.com/

<snip>
Pittsburgh Post-Gazette (Pennsylvania)

August 17, 1996, Saturday, SOONER EDITION

David D. Smith, president and chief executive officer of Sinclair Broadcast Group, was arrested this week in his hometown of Baltimore and charged with a misdemeanor sex offense. Sinclair owns WPGH, the Fox affiliate in Pittsburgh, and programs most of WPTT.

The Baltimore Sun reported that Smith, 45, was arrested Tuesday night in an undercover sting at a downtown corner frequented by prostitutes.

On Thursday night, Sinclair issued a statement that Smith's arrest was unrelated to company business and ''The company will continue to operate under the direction of its current management.''



.........
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progressivebydesign Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-09-04 07:59 PM
Response to Reply #2
4. Oh.. that's so rich. MORE republican family values at work! n/t
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soggy Donating Member (222 posts) Send PM | Profile | Ignore Sat Oct-09-04 08:00 PM
Response to Reply #2
5. i posted that on SBGI's yahoo finance message board...<eom>
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