The beef industry isn’t about to forget about that whole “pink slime” thing, wherein ABC News and celebrity chef Jamie Oliver used the phrase to bring attention to a widely used product known as lean finely textured beef. Beef Products Inc. filed suit against ABC back in September, and now a former employee of the company is suing the news network, anchor Diane Sawyer, Oliver and others, claiming he lost his job because of the pink slime controversy. [More]
The FTC is in charge of keeping an eye on spurious claims from TV product ads — so ABC News sat down with FTC Chairman and friend-of-the-blog Jon Leibowtiz to discuss what manufacturers are, and are not, allowed to claim in their ads, as well as the hurdles the FTC faces in enforcing truth-in-advertising rules. Case in point, Oreck recently settled with the FTC over a vacuum that claimed to prevent the flu. [More]
Angry about “excessive stories” ABC has aired about Toyota’s recall shenanigans, the company is pulling ad dollars from network affiliates in Southern states and shifting it toward competitors. [More]
Bernie Madoff has given his first prison interview…to attorneys representing his victims. Highlights: He’s quite candid now (what has he got to lose?), he can’t believe that he got away with running an epic Ponzi scheme for as long as he did, and apparently he’s been working out.