Tuesday, October 12, 2004

Sinclair Broadcast flap - update

SinclairWatch.org keeps track of the sleazy activities of Sinclair Broadcast Group.

The DNC is planning to file a complaint with the FEC. And...

Do you think this might have anything to do with Sinclair's questionable decision to require its affiliates to pre-empt network broadcasts in favor of the anti-Kerry film? .....

NEW YORK, September 21 (newratings.com) - Analysts at Wachovia Securities downgrade Sinclair Broadcast (SBTA.BER) from "outperform" to "market perform," while reducing their estimates for the company.

In a research note published this morning, the analysts mention that the company's revenue growth is likely to slow down in the near term. Sinclair Broadcast's advertisement revenues are unlikely to be boosted significantly by the upcoming major political events in the US, the analysts say. The FCF per share estimates for 2004 and 2005 have been reduced from $0.97 to $0.91 and from $0.83 to $0.74, respectively.

September 22; Sinclair execs: We need a boost. What can we do?

...hey, do what you want...you will anyway.

No comments:

Post a Comment