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GM won't back Oscars, Emmys

August 19, 2008|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.

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