Skip to main content

Don’t Mess With Rush

Limbaugh CPAC Don’t mess with Rush

Photo Credit: Robert Huffstutter (Creative Commons)

Carbonite CEO David Friend, is driving the company into the ground. The last straw is letting his political bias (he is a $4000 supporter of Barack Obama) cause him to decide to take his ads off  The Rush Limbaugh Show.

There is little irony that those who believe in politically correct speech desire to curtail freedom of speech and expression for the rest of us. As this article will show, Americans are becoming sick of their game and have begun to fight back.

On Saturday, Friend released a statement on his company’s website declaring that Carbonite had decided to “withdraw” advertising from Rush Limbaugh’s radio show in the wake of hiscontroversial remarks involving Georgetown Law student Sandra Fluke because it will “ultimately contribute to a more civilized public discourse.”

“Even though Mr. Limbaugh has now issued an apology, we have nonetheless decided to withdraw our advertising from his show. We hope that our action, along with the other advertisers who have already withdrawn their ads, will drive home the point.”

Advertising on Rush Limbaugh made Carbonite a profitable company. The large percentage of stockholders are conservative, and many are Rush listeners. A large number of investors dumped their positions in Carbonite on Monday; Carbonite stock (NASDAQ: CARB) has plummeted nearly 12 percent, outpacing the drop of the NASDAQ index in that same time period by nine-and-a-half points. It was also one of the biggest decliners on the NASDAQ on Tuesday.

The stock closed unchanged yesterday, for the 12% drop resulted in a $24.41 million loss in market value. Will the shareholders kick David Friend to the curb in the near future?

While The Daily Caller suggests that Rush has lost 28 sponsors, he laughed in a recently penned article today in the LA Times saying, “The loss of ads amounts to a couple of French Fries.”

That’s my story and I’m sticking to it; I’m J.C. and I approve this message.

Original Post

Replies sorted oldest to newest

And now the rest of the story...

 

Tuesday was a bad day in general for the NASDAQ, which dropped 1.1% due to various overseas issues.  FWIW the stock was up 4% the next day.  A more likely cause for the drop and the flatness since was the 10K that was released the same day that showed that most of the company's profit was spent on sales and marketing.  Either way, in the issue of fairness it's surprising how so many of the people saying it's because of rush are also the ones who always complain about media bias.   Everyone has a bias when it's convenient.

Add Reply

Post

Untitled Document
×
×
×
×
Link copied to your clipboard.
×