Nbadan
10-18-2004, 04:15 PM
http://chart.finance.yahoo.com/c/1y/s/sbgi.gif
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NEW YORK (CBS.MW) -- Shares of the controversial Sinclair Broadcasting Group slipped almost 8 percent Monday in the aftermath of the political firestorm that the company created last week.
Sinclair's stock (SBGI: news, chart, profile) fell 55 cents to $6.49.
The shares dropped amid fresh concerns on Wall Street, with analysts fretting over what looms as a loss of advertising revenue for Sinclair. Some securities analysts, who demanded not to be quoted on record, said that they're concerned about the potential development.
Sinclair, which owns the largest chain of TV stations in the United States, had told its stations to broadcast a documentary that accuses Democratic presidential candidate John Kerry of betraying American prisoners during the Vietnam War.
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CBS News (http://cbs.marketwatch.com/news/story.asp?guid=%7B8818E087%2DA326%2D4977%2D911E%2D CF6ACCB2B203%7D&siteid=mktw)
http://home.ripway.com/2003-11/38936/74.340790.jpg
< snip >
NEW YORK (CBS.MW) -- Shares of the controversial Sinclair Broadcasting Group slipped almost 8 percent Monday in the aftermath of the political firestorm that the company created last week.
Sinclair's stock (SBGI: news, chart, profile) fell 55 cents to $6.49.
The shares dropped amid fresh concerns on Wall Street, with analysts fretting over what looms as a loss of advertising revenue for Sinclair. Some securities analysts, who demanded not to be quoted on record, said that they're concerned about the potential development.
Sinclair, which owns the largest chain of TV stations in the United States, had told its stations to broadcast a documentary that accuses Democratic presidential candidate John Kerry of betraying American prisoners during the Vietnam War.
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CBS News (http://cbs.marketwatch.com/news/story.asp?guid=%7B8818E087%2DA326%2D4977%2D911E%2D CF6ACCB2B203%7D&siteid=mktw)
http://home.ripway.com/2003-11/38936/74.340790.jpg