Bono Charity Not Run Like a 3rd World Nation After All?
03/09/07
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(pr-inside) LATEST: Sources close to rock star BONO's charity campaign RED are slamming media reports claiming the organisation has spent more on marketing than raising funds. The high-profile campaign raises money for the Global Fund to Fights AIDS in Africa by selling red products such as iPods, clothing and mobile phones.US advertising trade magazine Advertising Age reported the campaign "raised a meager $18 million (£9 million)" despite a "marketing outlay by Gap, Apple and Motorola (which) has been enormous - with some estimates as high as $100 million (£51 million)". A source close to the campaign slams the report, telling the New York Daily News, "First of all, Red didn't launch products until mid-October (06) . And they raised $25 million (£13 million). "Before that, the fund had taken in about $5 million (£2.6 million) over a four-year period[see full story for more] - Click here for the Full Story
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