Sinclair cracking under the <$NoAd$>pressure?
Sinclair Broadcast Group (Nasdaq: SBGI - News) announced today that on Friday, October 22, 2004 at 8:00 p.m. (7:00 p.m. central time) certain television stations owned by Sinclair Broadcast Group, Inc. will air a special one-hour news program, entitled "A POW Story: Politics, Pressure and the Media." In order to minimize the interruption of normally scheduled programming in those markets where Sinclair owns and/or programs more than one television station, the news special will be broadcast on only one of those stations. A complete list of stations which will be airing the program and the times of such broadcasts is attached.
The news special will focus in part on the use of documentaries and other media to influence voting, which emerged during the 2004 political campaigns, as well as on the content of certain of these documentaries. The program will also examine the role of the media in filtering the information contained in these documentaries, allegations of media bias by media organizations that ignore or filter legitimate news and the attempts by candidates and other organizations to influence media coverage.
Contrary to numerous inaccurate political and press accounts, the Sinclair stations will not be airing the documentary "Stolen Honor" in its entirety. At no time did Sinclair ever publicly announce that it intended to do so. In fact, since the controversy began, Sinclair's website has prominently displayed the following statement: "The program has not been videotaped and the exact format of this unscripted event has not been finalized. Characterizations regarding the content are premature and are based on ill- informed sources."
Hmmm. Inaccurate stories based on statements of Sinclair executives. Truly, where do they get these clowns?
See the rest here
As of 4 PM Sinclair stock is off 3.54% today. It was even further down but 'rallied' over the last half hour or so.