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  •  Music to our ears (4.00)
    I found this on the Yahoo message board.

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    Cripes, I bought this dog at 9 and have done nothing but take a bath. Their crappy dividend doesn't make up for the loss. I'm as conservative as they come, and will be proudly voting for Bush, but a stoooopid management move like this? Sheeyt, this is my money we're talking about here.

    I'm out tomorrow. I don't need this crap from any company in which I invest my money. The SBGI dog don't hunt anymore. I'm buyin' Halliburton.

    * * * * *

    And here's my stock letter to the investment companies. Feel free to crib, but edit it a bit to make the effort seem more grass-roots.

    Dear X,

    As a small investor who keeps an eye on media trends, I strongly advise you to divest from Sinclair Broadcasting.

    As I'm sure you are aware, Sinclair has chosen to force their local affiliates to air a propaganda film against the candidacy of Senator John Kerry on the eve of the upcoming election.

    This is their right. However, it's also a remarkably poor business decision. As the growing ratings for liberal networks like Air America Radio have shown, as well as the large growth shown by organizations like and Americans Coming Together, this action will not be forgotten by the half of the country that does not support George Bush.

    Sinclair is choosing to alienate a huge number of viewers for purely ideological reasons, and this is just not defensible from a business standpoint. And if John Kerry is elected, I suspect that the company will be targeted later by the FCC.

    Thank you for your time and consideration, and I hope that you can get out of your commitment to Sinclair as soon as possible.




    •  Rule Number One: (none)
      Don't EVER believe what you read on a Yahoo! message board (unless the poster is well known TO YOU!)

      Rule Number Two: Use these boards to communicate your knowledge AT YOUR OWN RISK.

      "Never mind the trick, what the hell's the point?" Joseph Heller, Catch-22

      by wozzle on Mon Oct 11, 2004 at 09:42:13 PM PDT

      [ Parent ]

    •  You are conceding a point you don't have to (none)
      You said "that is their right to broadcast this".  In fact, it is not their right.  It would be if they were a private corporation, but they are a public corporation and it is in every public corporate charter that management is obligated to act in their company's best interest.

      Management of a publicly traded company is specifically not allowed to act on private personal whims.

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