Sinclair stock down.

[democrat_patriot]

SBGI $ 7.29 0.09 1.22% 426,528 NASDAQ-NM


Sinclair down %1.55

[sr_pacifica]

1. woo-hoo! n/t

[Emboldened Chimp]

2. Good. n/t

[Qutzupalotl]

3. They ain't seen NOTHING yet!!

:bounce:

[Shoeempress]

4. Is anyone complaining to the Cable and Sattelite companies that carry

them?

[KharmaTrain]

5. Another 1.5% tomorrow and another 1.5% the day after...

This company is being slowly bled...while the overall market is moving up. Right now this is one hot potato property and the longer they keep this slimeboat crap alive, the more this will continue.

Trust me when I say Sinclair is in a desperate situation...and they need both Bunnypants to win and the Repugnicans to hold the Congress or they are in real deep doo-doo. Desperate people take desperate measures.

Make no mistake, this is the actions of just the very top principals of this company...not the employees at any of the Sinclair station who could be the real victims of this debacle. Smith and his cronies need to influence the election. The difference here is facing possible ruin by a continuing poor economic market, or definite ruin by killing the latest deregulation that would force Sinclair to divest millions in properties that would collapse their net worth.

Right now, someone's yanking their chains...forcing the company to buy up blocks of stock to keep its stock price from dropping too fast to quickly...setting off alarms at investor houses that could trigger a massive dump.

I'd sure like to have the maalox concession at the drug store near Sinclair Central in Baltimore. LOL.

[democrat_patriot]

6. What the stocka market thinks (From LBN)

http://www.usatoday.com/money/media/2004-10-11-sinclair...

Wall Streeters, political activists and media critics Monday were trying to answer a perplexing question: Why would Sinclair Broadcasting CEO David Smith embroil himself in controversy by ordering his stations to air Stolen Honor: Wounds That Never Heal— a documentary challenging Democratic presidential nominee John Kerry's Vietnam service — within days of the presidential election?
The decision annoyed investors. Sinclair's shares, which have lost about half their value in 2004, closed Monday at $7.38, down 12 cents. That's about as low as they've been since 1995.

"I don't want my media companies that cover the news to be making news," says Barry Lucas of Gabelli & Co., which owns about 4% of Sinclair.

<snip>

With its heavy concentration of Fox and WB affiliates, ranking in the middle of the pack in mostly midsize markets, Sinclair is barely profitable and laden with debt. It had a net profit of $14 million on revenue of $739 million in 2003.

Sinclair hopes to change that by solidifying its hold on local markets by controlling, for example, two stations in more cities and sharing operating and news-gathering costs. But it needs the federal government to relax several media ownership restrictions.

[tomfodw]

7. The question answers itself

Why would Sinclair Broadcasting CEO David Smith embroil himself in controversy within days of the presidential election?

With its heavy concentration of Fox and WB affiliates, ranking in the middle of the pack in mostly midsize markets, Sinclair is barely profitable and laden with debt. It had a net profit of $14 million on revenue of $739 million in 2003.

Sinclair hopes to change that by solidifying its hold on local markets by controlling, for example, two stations in more cities and sharing operating and news-gathering costs. But it needs the federal government to relax several media ownership restrictions.

[crispini]

8. The article was pulled. Wassup with that?

:tinfoilhat: ?