Wednesday, October 13, 2004

Own shares in a mutual fund or pension? You may be a Sinclair stockholder

Own shares in a mutual fund or pension? You may be a Sinclair stockholder

Sinclair Broadcast Group is a publicly owned company that trades on the NASDAQ Stock Market. As a public company, Sinclair's board of directors represents the interests of Sinclair's shareholders. Sinclair's directors have a responsibility to ensure that Sinclair takes actions consistent with enhancing shareholder value. Sinclair's decision to air the anti-Kerry documentary Stolen Honor: Wounds That Never Heal places partisan political interests ahead of shareholder value by jeopardizing the renewal of FCC licenses, stimulating grassroots advertiser boycotts, and triggering potential investigations into the company's misuse of its licenses to use the public airwaves.

You may be a shareholder in one of 20 mutual funds or six pension funds, listed below, that hold Sinclair stock. If that's the case, you can express your concern that Sinclair's management has placed partisan political interests ahead of its financial obligations to the company's shareholders, and request that your fund manager immediately divest from any Sinclair investments that may be held in your mutual fund.http://mediamatters.org/items/200410130001