General Motors, which has already drastically cut back its current spending on television advertising, is now pulling its spots from next year's Oscars telecast as well, the Wall Street Journal reported today (Monday). According to the newspaper, the automaker spent $13 million on ads for this year's Oscars telecast. "It is a great property but it simply didn't fit into our plays for 2009," a GM spokeswoman told the newspaper.
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