Sinclair woes

A quote from the WSJ

Some shareholders went public in criticizing management, while the producers of "Going Upriver," a more favorable documentary on Mr. Kerry's wartime experience, teamed up with a philanthropist and said they were trying to buy time on Sinclair stations to show an excerpt of that film as a response.

In a letter to Mr. Smith, New York State Comptroller Alan Hevesi, a Democrat who is trustee of the New York State Common Retirement Fund, accused Sinclair of putting its political agenda ahead of protecting shareholder value. The $115 billion pension fund for New York state employees holds 256,000 Sinclair shares. Sinclair General Counsel Barry Faber said he hadn't seen the letter from Mr. Hevesi. As for the request to air parts of "Going Upriver," Mr. Faber said Sinclair wouldn't sell time to run them in prime time but was open to discussing other time slots.