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Tilly Seaman Apprentice
Joined: 12 Aug 2004 Posts: 97
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Posted: Wed Oct 20, 2004 1:10 pm Post subject: To Support Sinclair: |
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These guys are taking a beating, and they need support since they're bucking the Democrat notion of "Free Speech" ...
Everyone who supports them will decide to support them in their own individual way.
Their stock's pretty low today, a little over 6 bucks, and when the market opens, I plan to buy two shares. Below is the brief financial info on Sinclair broadcasting, courtesy of Motley Fools, Inc, from the public section of their website.
Apart from the fact that I'll have a little over 12 dollars invested in the company by noon (maybe less by then) I have no financial interest in the company. Heck, I just want to throw them a bone!
Quote: | Sinclair Broadcast Group, Inc. | SBGI
Portfolio Tracking Ticker
FlashQuotes
Oct. 19, 2004 Market Closed
Class A Common Stock Market : NASDAQ-NM
Last Sale: $ 6.26 Net Change: 0.23 3.54%
Share Volume: 1,248,641 Previous Close: $ 6.49
Today's High: $ 6.67 Today's Low: $ 6.12
Best Bid: $ 6.28 Best Ask: $ 6.31
52 Week High: $ 15.43 52 Week Low: $ 6.12
P/E Ratio: 14.56 Shares Outstanding: 45,820,000
Earnings Per Share (EPS): $ 0.43 Market Value: $ 286,833,200
NASDAQ Official Open Price: $ 6.66 Date of Open Price: Oct. 19, 2004
NASDAQ Official Close Price: $ 6.26 Date of Close Price: Oct. 19, 2004
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Tilly |
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ArmyMedicsMom LCDR
Joined: 23 Aug 2004 Posts: 430
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ocsparky101 PO1
Joined: 03 Sep 2004 Posts: 479 Location: Allen Park. Michigan
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Posted: Wed Oct 20, 2004 6:25 pm Post subject: |
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I just bought 100 shares. I think this is great. The libs sold high and caused it to crash. Now the honest people buy it low and drive it back up. If they want to get back in they have to buy high. Don't you just love democracy. |
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Tilly Seaman Apprentice
Joined: 12 Aug 2004 Posts: 97
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Posted: Wed Oct 20, 2004 11:09 pm Post subject: |
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Wow!
The stock was a little bit up this afternoon. I hope Sinclair manages to squeak through this --- you gotta give them credit for guts! |
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iggit Seaman Recruit
Joined: 15 Aug 2004 Posts: 23 Location: Phoenix AZ
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Posted: Thu Oct 21, 2004 5:46 pm Post subject: |
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Tilly wrote: | Wow!
The stock was a little bit up this afternoon. I hope Sinclair manages to squeak through this --- you gotta give them credit for guts! |
Sinclair has caved.
It was nothing but bullying and intimidation through stock owners and advertisers.
This country is now in the hands of the lunatics
Sinclair should NEVER have said ANYTHING about doing ANYTHING if they were not willing to DO IT.
Shame on Sinclair. |
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slittle Seaman Recruit
Joined: 25 Aug 2004 Posts: 8
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Posted: Thu Oct 21, 2004 10:03 pm Post subject: Response from General Mills |
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I wrote with positive support to the Sinclair advertisers . The following is the response from General Mills:
Thank you for contacting General Mills.
Many consumers have written to share their views on this issue. Some have urged General Mills to use its influence as an advertiser to ensure that the media reports the news in an unbiased manner. Some have urged General Mills to continue advertising, and have threatened to withdraw support for our products if we alter our advertising plans. Passions run deep on both sides, particularly this close to an election.
Whenever possible, General Mills does strive to preview the programs on which our advertising appears. We do so to assure that we do not advertise on programs inconsistent with the family-oriented nature of our products. This works well with entertainment programs produced and available for advance screening, but pre-screening of news broadcasts is usually not possible.
Our view in this area is clear. We believe one of the fundamental elements of our society is the freedom of the press. Companies such as ours, in our view, should not attempt to influence, control or pre-empt the content of news through the leverage of advertising sponsorship. To do so would undermine that fundamental freedom.
From time to time, any one of us as viewers may consider a particular news story to be inaccurate or imbalanced. News organizations do err. Judgment is not always well applied. One major news organization recently acknowledged that errors were made in stories relating to the current presidential election. When such errors occur, certainly a price is paid in terms of reputation. But errors and questionable judgment are an acceptable price to pay, in our view, to assure the presence of a free and independent media in our society.
As viewers, each of us is free to make a choice. We can choose to patronize or not patronize programs with our viewership. We can choose to patronize or not patronize particular television stations, or even entire networks.
Similarly, advertisers may choose not to sponsor certain broadcasts, a particular network or specific publications because of their journalistic standards and judgment. But advertisers should not attempt to control or pre-empt news programming prior to broadcast or publication. That, in our view, would be inappropriate.
In this instance, as in the example cited earlier, passionate voices are calling on advertisers to insert themselves into the election by threatening to boycott those who remove or who do not remove their advertising.
We choose to stand with freedom of the press.
We welcome the views that you and others have shared with us. You may rest assured that we will remind the networks we sponsor that the integrity of their reporting reflects on the companies that advertise during their broadcasts.
Hopefully, you will understand our views – and the importance we place on a free press.
Again, thank you for taking the time to contact us and share your views.
Sincerely,
General Mills |
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