Is it time for George Soros to make an offer to buy the Sinclair Group?

[dolstein]

With the stock approaching its 5-year low, it would be a bargain. Personally, I'd much rather have George Soros own these television stations than the Sinclairs.

I suspect that the insiders probably retain a controlling interest in the company. But if now, this would be one hell of an opportunity.

[rkc3]

1. My guess is that the FCC would throw up serious roadblocks.

[dolstein]

4. Why?

As far as I now, Soros doesn't own any television stations, so his purchase of the Sinclair Group wouldn't result in further concentration of media ownership.

Sure, there may be a partisan basis for opposition the sale of the Sinclair Group, but I don't see the legal basis.

[rkc3]

5. Only because it appears the FCC wouldn't want to have such a "biased"

owner for a TV station.

Part of my reply was sarcasm, some based on perception of how the FCC only fines TV/Radio shows where they can pick up political points - e.g., Howard Stern and Janet Jackson vs. Oprah who can talk about teenagers giving blow jobs without any recourse.

[Jack from Charlotte]

8. Soros should short it..... What's the total capitalization? He could

pound that piece of crap into the dirt with a few 10's of millions.

[genius]

2. If he buys, they'll get their advertisers back.

[Inland]

3. If I were that rich, I would buy it, run F9/11 for 24/7

asking the pubbies how they like their deregulation NOW.

[sangh0]

6. It doesn't make sense

They can just go and buy another media group with the money Soros pays them.

[Robert Oak]

7. LOL

[Jacobin]

9. Market Cap is $450 million plus/minus

Once a hostile bid were made, there would be competing bids, because the string of stations is poorly run and there is a very big upside. The bidding would obviously run up the stock price, and who ended up with the stations would be a big question mark.

[Inland]

10. That's okay, though.

Somebody buys it, fires all the management (which is the premise of buying at a sum greater than the market capitalization) and the lesson is learned. Don't screw with elections.