Advertisers, Stockholders Leaving Sinclair
by Bill Carter, New York Times
As “Media” Company Stubbornly Continues Political Crusade, Advertisers and Stockholders Leave; Media Watchdogs Mobilize
Sinclair
– the nation's largest owner of television stations, many of them in
electoral swing states – is itself running a significant financial and
political risk by telling its stations to pre-empt regular programming
and carry the film. Already, Sinclair's decision has alienated some
advertisers; enraged consumer and media watchdog groups, who are vowing
to challenge its station licenses when they come up for renewal; and
given pause to some analysts and investors considering the company's
financial outlook.
Sinclair Stock Drops on Ad Concerns
By Jon Friedman, CBS.MarketWatch.com
NEW YORK
(CBS.MW) — Shares of the controversial Sinclair Broadcasting Group
slipped almost 8 percent Monday in the aftermath of the political
firestorm that the company created last week.
Sinclair's stock (SBGI) fell 55 cents to $6.49.
The
shares dropped amid fresh concerns on Wall Street, with analysts
fretting over what looms as a loss of advertising revenue for Sinclair.
Some securities analysts, who demanded not to be quoted on record, said
that they're concerned about the potential development.
Sinclair Fires Washington Bureau Chief
by Kasey Jones, AP, Seattlepi.com
Jon Leiberman said he was fired by Joseph DeFeo, Sinclair's vice president for news, and “escorted out of the building.”
“I
was told I violated company policy by divulging information from a
staff meeting to The (Baltimore) Sun in this morning's edition,”
Leiberman said late Monday.
“They're using the news to drive their political agenda,” Leiberman said. “I don't think it served the public trust.”
To stay up-to-date with the latest anti-Sinclair action in Iowa, sign up for the Rapid Response Network – Iowa.
For more information on how you can help, click here.
Blog For Iowa 