Sinclair Competing with Halliburton for Most-Evil-Ever Corporation Prize

This sounds like something we can all do:

Dear MoveOn member, Starting Wednesday, Sinclair Broadcasting (SBGI) will begin airing a one-hour anti-Kerry hit piece -- in prime time, without advertising -- on its 62 stations. Do you own Sinclair stock or a mutual fund that may include a Sinclair holding? We strongly suggest you call your broker or money manager to discuss whether you hold Sinclair and let them know what you think about a company that puts partisan politics above its investors' interests. On Friday, Lehman Brothers downgraded its expectation for Sinclair stock. With the headline "Management Chooses Politics over Shareholders", the report says: "In our opinion, Sinclair's decision to pre-empt programming to air Stolen Honor is potentially damaging -- both financially and politically. In a best case scenario, we believe that this decision could result in lost ad revenues. In a worst case scenario, we believe the decision may lead to higher political risk." When a company puts politics over business, it loses stock value quickly. Since its plans were announced, Sinclair's share price has dropped by 11%. That means shareholders have lost $70,000,000 in just over a week. Call your fund manager or broker now to ask if you own any Sinclair stock. Please let us know you've made this call. We need to hear what brokers say about this: http://www.moveon.org/sinclair3.html A public company's first responsibility is to enhance shareholder value. It's actually the law. Sinclair's plans will put their broadcast licenses at risk and possibly violate election law, calling the company's financial future into question. Corporate management willing to risk your investment for partisan ideology can't be trusted. This isn't even about politics -- it's about Sinclair risking your money while its managers use the company as their private hobby horse. Your investment enables Sinclair to exist as a company. Sinclair's management is turning its back on people like you who are depending on them to protect the value of that investment. The most powerful message you can send to Sinclair is through your fund manager or broker. Let them know how concerned you are about this unprecedented misuse of shareholder investments. Ask them to contact Sinclair for an explanation of how shareholder value will be protected.