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Wednesday, October 20, 2004

The past couple of days have been tough for Sinclair broadcasting, but let's look at the longer run here.

Here we see that in the past 3 months Sinclair shares have lost not 15% of their value but 35% of their value. A shareholder lawsuit is not a use of the corporate code to uphold journalistic standards. It is simple self defence.

And what the hell happened August 4th ? The apalling refusal to honor US servicemen who gave their lives in Iraq occured in April. The enraged response (low blows included) of the left blogosphere followed immediately. Did someone say insider trading ?

I would say that anyone familiar with the corporate code in the State of Maryland could make a lot of money taking over Sinclair broadcasting.

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