Tuesday, October 19, 2004
Corporate Stalinism
Jonathan Lieberman, the Washington bureau chief of the Sinclair Broadcasting Group, criticized the company for its choce to air an anti-Kerry film as news. He was fired yesterday.
Sinclair's stock has dropped from around $7.50 to $6.49. Given how low it is already, that's a significant plunge. Stock analysts have expressed concern that the company's politics are leading to unsound management. The New York Times wrote yesterday that Sinclair faces a double whammy - either encouraging opposition to further deregulation in Congress, or incurring the wrath of a Kerry administration and its chosen FCC appointee. Payback, in this case, should be sweet.
Jonathan Lieberman, the Washington bureau chief of the Sinclair Broadcasting Group, criticized the company for its choce to air an anti-Kerry film as news. He was fired yesterday.
Sinclair's stock has dropped from around $7.50 to $6.49. Given how low it is already, that's a significant plunge. Stock analysts have expressed concern that the company's politics are leading to unsound management. The New York Times wrote yesterday that Sinclair faces a double whammy - either encouraging opposition to further deregulation in Congress, or incurring the wrath of a Kerry administration and its chosen FCC appointee. Payback, in this case, should be sweet.
