Sinclair Broadcasting Retreats on Airing Full Anti-Kerry Film
In a huge win for grass-roots activism, Sinclair Broadcasting has issued a statement in response to demands made by its shareholders in a letter underwritten by Media Matters, that it will not air the entire anti-Kerry film Stolen Honor without fair time for reply on the eve of the election. [Note: Sinclair back-pedals a bit by saying it never intended to air the entire film but Reuters and CBS Market Watch are more credible. More CBS here.]
As what Media Matters contends is a direct result of the uproar against the broadcasting network's plans, which would have resulted in the airing of the film to 25% of the country's view public, the station saw advertisers pulling ads and its stock tumble 17%, costing shareholders $105 million.
A group of shareholders threatened to file suit unless the company's stations gave equal time to the opposition.
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