Sinclair bows to pressure

from LA Times:

Facing advertiser defections, a viewer boycott and a plummeting stock price, as well as strong opposition from Democrats, Sinclair Broadcast Group Inc. scrapped its plan to air a film that attacks the 1970s-era antiwar activities of Sen. John F. Kerry (news, bio, voting record), and will instead run a special produced by its news division incorporating parts of the movie.

The decision not to run all of "Stolen Honor: Wounds That Never Heal" came after several shareholder complaints against the company were announced Tuesday, sending Sinclair shares down 3.5% after a nearly 8% slide Monday.

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