Skip to comments.Carbonite CEO admits dropping Limbaugh hurt growth more than expected
Posted on 08/03/2012 11:45:23 AM PDT by Olog-hai
Carbonite famously dropped Rush Limbaugh on a Saturday Night at the height of the Sandra Fluke controversy. Carbonite became the poster child for the Rush boycott movement organized by Media Matters, which coordinated the effort with so-called independent groups.
Since that time the Stop Rush effort has imploded, with backstabbing and accusations among the participants. Limbaugh has had better numbers than ever, and the hype surrounding Mike Huckabee as a Limbaugh replacement has gone flat.
Yet what became of Carbonite?
On August 1 Carbonite released its 2d Quarter 2012 results, the first full quarter after dropping Limbaugh in March. The results shocked Wall Street, as Carbonite did not meet its growth targets, causing multiple analysts to drop the target price. The stock dropped 15% in a day.
Most important, in a conference call held on August 1, the CEO David Friend admitted that dropping Limbaugh damaged Carbonites growth, and is likely to do so for at least one or two more quarters.
(Excerpt) Read more at legalinsurrection.com ...
Yes, but at least they have their principles as they refuse to participate in the WOR ON WYMYN!!
I guess Im a little surprised that you were caught by surprise by the radio host change cause I know weve talked and I guess my impression was that it wouldnt be that impactful but I guess it was quite impactful.”
LOL. Is this another version of “unexpectedly”?
You know, when you are in control of the media I’ve seen one of the consequences is you start to believe your own hype. They really do believe that green jobs will revive the economy, that gay marriage will not tell against them, that cutting out the EVIL RUSH will not lead to backlash.
They are always so surprised when it does but keep plugging along, digging deeper.
Ghost a removable harddrive, and store it in a safe place. It’s cheaper, better and doesn’t require dealing with incompetent people to get your data back.
Been there doing that....right in my work bag!
Given how long they were with Rush, surely there are conservative shareholders that could bury this clown in litigation.
damage one or two more quarters? I’d think again, big boy.
Conservatives don’t like people who cave to leftists. But, unlike leftists, we won’t burn your building, we’ll just think you don’t exist.
Just caught this at the tail end of the article:
“Update: Carbonite shareholders have another reason to worry. Friend has just started a potentialy competitive online storage company with a recently departed executive.” Friend was the man in the interview, the CEO of Carbonite.
So the CEO that made this decision, got together with a “recently departed executive” (planned?) and started a competing business? Did this guy sabotage his own company purposely? Or does he just think he is the wheeler dealer of the year?
In any case, looks like he single handedly destroyed Carbonite.
A 32 gig thumb or sd card drive goes a long way for backup, especially if you record critical data on two.
I would not trust a third party not to scan my data, like gmail and the other “free” emails do.
Corporate buzzwordism is contagious. He can’t help it. The latest irritating buzzwordist phrase is “reach out.” It just sounds so helpless. Warm and fuzzy, but helpless. I grit my teeth every time I get an e-mail containing it. I don’t want someone to “reach out” to me, I want them to answer my &@$% question, lol.
Yep. You also looked desperate doing TV commercials on Fox for the 1st time, which yielded zip in terms of results.
I am always surprised by the extremely short-term thinking of so-called business “leaders.”
Sandra Fluke was a political prop, who was prostituted for some cheap headlines, and with the media life-span of a fruit-fly.
Yet these business wizards decide THAT is the important issue on which they will take a stand and bet their company’s fate.
You should be replaced as your principles hurt your #1 constituency...The Stockholder.
I’d love to know how ProFlowers is doing after siding with the Occupy set over Rush.
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