Great News Regarding SINCLAIR!!! From TPM: New BROCK Backed Lawsuit!

[Beetwasher]

http://talkingpointsmemo.com/

Release the hounds!

Media Matters for America, David Brock's new media watchdog outfit, just annouced that they've underwritten the costs of a shareholder action to force Sinclair Broadcasting to provide real equal time to balance their forced airing of the hour-long Swift Boat smear.

--snip--

[Killarney]

1. Media Matters is fantastic

Brock, you are forgiven for past sins.

[madmax]

5. I've forgiven him.

He has completely redeemed himself imho.

[madmax]

2. David Brock - Rocks!!!!

:kick:

[lil-petunia]

3. now that makes sense. They are just greedy cheating fucks.

sell high, do some stupid things, then rebuy and own even more of the company.

[BootinUp]

4. *evil sounding* HEE HEEE HEEHEHEEHHEHE!

:evilgrin:

[in_cog_ni_to]

6. Fantastic!!! Here's some more.

<snip>"Our mission is to thwart conservative misinformation in the media and ensure that the media offer the American public fair and balanced access to news and information," explained MMFA President and CEO David Brock. "We determined a stockholder effort is the strongest remaining course of action to force Sinclair to reconsider its decision to air Stolen Honor."

Glickenhaus & Co., a Wall Street investment firm holding 6,100 shares of Sinclair stock, is taking action against Sinclair on behalf of its clients holding shares in Sinclair. General partner Jim Glickenhaus mounted the action based on Sinclair's CEO and directors having a financial obligation to shareholders.

"We are not partisan. We are investors," Glickenhaus explained today. "Sinclair's decision has caused harm to the value of our investment in Sinclair. We believe Sinclair must give equal time to an opposing point of view. Otherwise the company is placing its future and the value of our investment in jeopardy, by putting the renewal of its FCC licenses at risk, alienating local advertisers, and opening itself up to libel suits against the company."

Since Sinclair's decision to air Stolen Honor became public on October 9, the company's stock has fallen nearly 13 percent, as of the close of the market yesterday, October 18, wiping out nearly $90 million in shareholder value.<snip>

Ha! :bounce:

[wishlist]

7. Yet another hard-hitting legal action- Excellent development

Great to see so many efforts from people who are doing all they can as quickly as possible to counter the impact of this Sinclair propaganda.

[Lugnut]

8. You go David!

As far as I'm concerned he has more than atoned for his past sins.

[oldtime dfl_er]

9. "Republican Noise Machine" is great

That book redeems Brock, it is brilliant. If you haven't read it, I highly recommend it for anyone who is fool enough to believe that CNN, MSNBC, Tweety, Wolfie and all those raving lunatics have any need to be fair, balanced or honest.

[Insomnicole]

13. And don't forget "Blinded by the Right."

If you haven't read it, that's the one where Brock really makes it clear how the right works and how he came to realize he couldn't support them anymore.

This is great news! Hey Sinclair -- we will, we will Brock you!

[madmax]

10. Send the link and a blurb to the media

Links to media here:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=106&topic_id=8816&mesg_id=8817&page=

[Roland99]

11. I'd hate to be a shareholder now!!

[Teaser]

12. So has Brock redeemed himself yet?

All my heroes are bad guys who eventually see the light:

Darth Vader
Thomas Covenant

Still waiting for Pete Rose.

[wicket]

14. link here:

http://mediamatters.org/items/200410190004

[alarcojon]

15. Brock has more than redeemed himself

What a strong, reliable ally he has become.

[madmax]

16. Kick n/t