It sounds like things are worse at General Motors than we all thought…
U.S. automaker General Motors Corp. (GM.N) has pulled out of its longtime sponsorship of the Academy Awards, one of the biggest annual events on broadcast television, the Wall Street Journal reported on Sunday.
When you pull out of your sponsorship of one of the biggest shows of the year, something’s up. It makes me wonder when they say “it simply doesn’t fit into our plans for 2009″. What exactly is their plan? Bankruptcy? Huh? Do they not think the Oscars are worth it any longer?
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