Glickenhaus & Co., a Wall Street firm with clients who own about 6,100 shares of Sinclair stock has sent a protest letter to Sinclair Chief Executive David Smith implicitly warning of dire consequences (for Sinclair) if they do not permit John Kerry equal time to respond to their slanderous propaganda. Here's the CBS MarketWatch section about the letter:
Glickenhaus general partner Jim Glickenhaus, whose firm has about $1 billion in assets under management, told CBS MarketWatch he has a simple request.
"Let there be a rebuttal, so no one can accuse you of taking a position," he said.
"Simply, as a fiduciary matter, we have to protect our shareholders," Glickenhaus said. "This has nothing to do with politics."
"Management is not acting in the interest of shareholders," he said. "By showing something that's clearly propaganda, they are damaging the network."
Glickenhaus said he was worried that "advertisers have already pulled ads."
A call placed to the office of Sinclair's Smith seeking comment on Glickenhaus' actions wasn't returned.
"If they (have) a bias, mainstream people are not going to want to advertise," Glickenhaus said.
"They could lose their licenses," Glickenhaus said. "They're going to incur all sorts of challenges to their licenses."
Couldn't happen to a better group of fascist wingnuts.
Here's the full link from CBS MarketWatch:
Sinclair shares continue to decline
Shares of Sinclair Broadcasting Group continued to fall on Tuesday and hit a 3 1/2 year low during the trading session.
All the way down, baby!