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More sponsors likely to follow State Farm in dropping Penn State
Jul 24th 2012, 23:02

By Michael Rubinkam, Marc Levy and Mark Scolforo Associated Press Comments State College, Pa. â€" State Farm is pulling its ads from Penn State football broadcasts, while General Motors is reconsidering its sponsorship deal and Wall Street is threatening to downgrade the school's credit rating, suggesting the price of the child sex-abuse scandal could go well beyond the $60 million fine and other penalties imposed by the NCAA. Bloomington, Ill.-based State Farm said it had been reviewing its connection to Penn State since the arrest of retired assistant football coach Jerry Sandusky last November. The insurance company said it will pull ads from broadcasts of Nittany Lion home games but...

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