Excerpt:
Now we know why Glenn Beck hates Van Jones so much: Fox News' ad revenue from Beck's show has been cut in half since Color of Change launched an advertiser boycott against the show.
Color of Change, the advocacy organization co-founded by Glenn Beck's archnemesis Jones, began calling on advertisers to pull their ads from Beck's show in early August, shortly after Beck accused Obama of having a "deep-seated hatred for white people." Since then, 62 advertisers—from Geico to Proctor & Gamble to Men's Wearhouse—have pulled their ads from his show even as his ratings surged.
Fox's stock response to the boycott has been that, while some advertisers may have moved their spots to other shows on the network, no one was pulling ads from Fox outright, so the whole hubbub wasn't affecting the network's revenues. But today, citing "data analyzed from industry sources," Color of Change announced in a release that Beck's weekly ad revenue dropped from $1,060,000 in the first week of August, when the boycott began, to $492,000 in the first week of September. The chart above shows the drop.
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