95% of Sinclair stock family owned

[pstokely]

explains why they don't care about the dropping stock price

[SharonAnn]

1. For some reason they remind me of the Regas family and their Adelphia(?)

company.

[Philostopher]

2. I thought that, too.

Wonder if the Smiths will also get frogmarched someday, like several members of the Rigas family did recently?

A girl can dream, can't she?

[Liberal Gramma]

3. Good

Then when they go bankrupt there won't be innocent victims.

[isabella_702]

4. family owned?

That doesn't make sense-- the stock seems to have been dropping over the past few days (not to mention it's been in free-fall simce January). If it's 95% privately owned, why would it be on such a slide?

Isabella_702

Christopher and Isabella

[necso]

5. Link.

http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=SBGI

"Equity:
Class A Common $.01 Par, 8/04, 500M auth., 45,820,286 issd. Insiders own 47%. (incl. 3.2M options). Class B Common Stock $.01 Par, 140M auth., 39,606,995 issd. Insiders own 96%. IPO 6/95, 5.75M shares @ $21 by Smith Barney. 5/98, 2-for-1 stock split. Series D Preferred Stock $.01 Par, 3,450,000 auth./issd."

I could have sworn that the number has 97% a few days ago -- for Class B Common Stock.

[TahitiNut]

7. That's the "Class B" stock that's 96% insider-owned.

The Class A stock is far wider.

[seabeyond]

6. good then when they go out of business

it wont be a lot of innocent people being hurt, but the right ones being hurt. there stock has dropped quite a bit, right