ABC loses 5 major advertisers after the debate, costing the media company $27 million: “We won’t host any debates in the future.”

ABC’s latest presidential debate has left the media company reeling, with five major advertisers pulling out and taking $27 million in ad revenue with them. The debate, which featured Donald Trump and Kamala Harris, was notable for its rigorous fact-checking by moderators David Muir and Linsey Davis. However, it seems that this commitment to truth came at a steep price ¹.

The advertisers, who included a luxury car brand, a fast-food chain, a high-end fashion label, and a beverage giant, were reportedly unhappy with the debate’s focus on fact-checking. One spokesperson complained that they “didn’t pay for political correctness,” while another stated that “our customers don’t come to us for the truth—they come for burgers and fries.” The loss of these major advertisers has left ABC with a significant financial hole to fill ¹.

In response to the backlash, ABC has announced that it will no longer host presidential debates in the future. The network cited the “current political climate” as being “too hostile and expensive” to continue hosting these events. This decision has sparked concern about the future of political discourse in America, with some wondering if the days of fact-checking and moderation are coming to an end ¹.