GM won’t back Oscars, Emmys
From Times Wire Services
General Motors Corp., pushing to speed up cost cuts after a $15.5-billion second-quarter loss, said it would halt its sponsorship of the movie industry’s Academy Awards and television’s Emmy Awards after at least a decade.
A GM spokeswoman declined to say how much the company spends on sponsoring the two programs, which air on Walt Disney Co.’s ABC network.
