Media Matters for America Underwrites Sinclair
Josh Marshall continues to be all over this story. Media Matters has just announced that they have agreed to underwrite a shareholder action against Sinclair to provide equal time to Kerry supporters. A demand letter has gone out today, and assuming no reasonable response, an action will be filed tomorrow seeking an injunction.
Follow the link above for the whole story.
And Sinclair stock has lost more than 20% of it's value since they announced their propaganda plans.