With the recent revelations that Buzzfeed was pulling ads in conflict with the advertising dollars, this article is very appropriate for Oppositelock.
In the 1950s, independent car dealers sprouted up that would buy excessive new car inventory, then sell essentially ‘new’ cars at cut-rate prices. It was called ‘bootlegging’ and the Wall Street Journal thought it was unsavory and said so in the paper. GM as it turned out was the largest advertiser in the country, didn’t like being criticized and said so with their advertising dollars.
This article is as rich in its description of the GM CEO “Red” Curtice.
This is a good long-format Propublica read.