Wednesday, October 20, 2004

Don't Give An Inch !!
And Never Forget The Power of Activists to Change The Dynamic of a Situation !!

MEDIA – SINCLAIR'S RETREAT: Yesterday, shareholders challenged Sinclair Broadcast Group's decision to air, commercial free, a highly partisan documentary smearing Sen. John Kerry. The shareholders demanded that those with opposing views be given an equal opportunity to air their views. The action was filed by Glickenhaus & Co., a Wall Street investment firm holding 6,100 shares of Sinclair stock, on behalf of its clients. General Partner Jim Glickenhaus said, "We are not partisan. We are investors. Sinclair's decision has caused harm to the value of our investment in Sinclair. We believe Sinclair must give equal time to an opposing point of view." Sinclair responded to the demand by announcing it will not air the documentary – "Stolen Honor" – in its entirety. Rather, the company plans to air "a special news program, called 'A POW Story,' that will include the documentary's allegations against Kerry in a 'broader discussion.'" According to Media Matters, which underwrote the original lawsuit, "should the program fall outside the boundaries of fairness and impartiality outlined in the demand letter, legal action may resume."

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