Tuesday, October 12, 2004

Sinclair and the war - too close for comfort.

Listening to Mike Malloy's air america radio show again, turns out Sinclair Broadcasting is making money on the war. No wonder they are doing everything they can to keep Bush in office--media consolidation, war profits--you can feel the love.

It always makes sense to follow the money. Jadoo, friend to Enron, is a subsidiary of Sinclair and has benefited greatly from the "war on terrorism"....

"It didn't take long for Jadoo to attract interest from some major players. Among them was Sinclair Broadcasting Group, which owns 62 local news stations in the U.S.; it was the lead investor in a $5 million round of financing last year. But Jadoo's biggest coup came after President George W. Bush touted hydrogen as an alternative to foreign oil in his State of the Union speech last January. Jadoo, which had just released its first product—a long-lasting battery for the surveillance industry—was one of 22 fuel-cell companies invited to Washington to make a presentation to the White House..." http://www.fortune.com/fortune/smallbusiness/articles/0,15114,534931,00.html


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