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Skip to comments.Carbonite CEO: Dropping Rush Limbaugh Hurt Revenue More than Expected
Posted on 08/05/2012 3:13:47 PM PDT by marktwain
When Media Matters helped organize the Stop Rush boycott pressuring corporations to pull advertisements from Rush Limbaughs show, the online file storage company Carbonite was one of the first big names to give in.
Now, as William Jacobson of the Legal Insurrection blog noted, Carbonites CEO David Friend conceded on a conference call that dropping Limbaugh deeply hurt the companys earnings.
It turned out to be a bigger hole in our revenue than we had thought when we initially did this, Friend said on a conference call on August 1.
In fact, as Jacobson wrote, Carbonites 2nd Quarter 2012 results shocked analysts, causing the company's stock price to plummet by 15% in one day.
Jacobson transcribed the relevant portions of the conference call where Friend said four factors contributed to the companys slow growth, and the first factor was that Carbonite stopped working with one of our top producing radio endorsers, which was Rush Limbaugh.
(Excerpt) Read more at breitbart.com ...
Sounds like they got “Chic-Fil-A’d”
“I have not heard news of this in the MSM. Anyone else. “
You must have not been paying attention. It was broadcast right right after the news about the fake birth certificates and the record-breaking sales at Chick-Fil-A.
And that ain’t no Fluke.
LOL! Don’t mess with us!
Well thats cabonites CEO “DUH” moment.What an idiot.