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STEVE: IN THE PAST HOUR AND HIGHS IN BUSH SAYS IT WILL NOW NO LONGER HAVE ANY FURTHER ASSOCIATION WITH THE ALTUNA MAN WHO HAS RAISE $1 MILLION FOR THE UNIVERSITY OF IOWA CHILDREN’S HOSPITAL. STACEY: LAURA TERRELL IS BACK FROM A NEWS CONFERENCE WHERE CARSON KING APOLOGIZED FOR USING OFFENSIVE LANGUAGE ON SOCIAL MEDIA WHEN HE WAS IN HIGH SCHOOL. LAURA: KING REACHED OUT TO KCCI TO TALK ABOUT A RACIALLY OFFENSIVE POST TEAMMATE EIGHT YEARS AGO. IT’S BEEN DELETED. KING SAYS HE DOES NOT WANT TO AFFECT HIS FUNDRAISING EFFORTS FOR THE HOSPITAL. >> I AM EMBARRASSED AND STUNNED TO REFLECT ON WHAT I THOUGHT WAS FUNNY WHEN I WAS A 16-YEAR-OLD KID. >> AN APOLOGY FROM CARSON KING, THE 24TH-YEAR-OLD CALLED A PRESS CONFERENCE AFTER A RACIALLY INSENSITIVE SOCIAL MEDIA POST HE MADE EIGHT YEARS AGO. >> IT WAS BROUGHT TO MY ATTENTION BY A REPORTER FOR THE DES MOINES REGISTER. ONCE HE POINTED IT OUT AND I LOOKED AT IT, I WAS, I WAS REALLY UPSET WITH MYSELF. REPORTER: HE DELETED THE POST IMMEDIATELY. KING BECAME SOMEWHAT FAMOUS TEN DAYS AGO AFTER HIS BEER SIGN WENT VIRAL. INSTEAD OF USING THE MONEY, HE PLEDGED TO DONATE IT ALSO THE UNIVERSITY OF IOWA’S TILDE HOSPITAL. >> I DON’T WANT WHAT I DID WHEN I WAS 16 TO TAKE AWAY FROM THE FACT THAT WE ARE AT ONE MILLION DOLLARS FOR THE CHILDREN’S HOSPITAL. REPORTER: THIS REGULAR GUY SUDDENLY A HERO. IN THE PUBLIC EYE. NOW SAYS HE FEARS MISTAKES FROM HIS PAST WILL CHANGE THAT. >> I AM WORRIED ABOUT IT. I REALLY HOPE PEOPLE FOCUS ON THE POSITIVITY ALL OF THIS HAS BROUGHT. OBVIOUSLY I HAVE MADE MISTAKES IN MY PAST. EVERYONE HAS. LAURA: KING SAYS ALL OF THE $1.4 MILLION WILL GO TO THE HOSPITAL. HERE IS THE FULL STATEMENT FROM ANHEUSER-BUSCH. "CARSON KING HAD MULTIPLE SOCIAL MEDIA POSTS THAT DO NOT ALIGN WITH OUR VALUES AS A BRAND OR AS A COMPANY AND WE’LL HAVE NO FURTHER ASSOCIATION WITH HIM. WE ARE HONORING OUR COMMITMENT BY DONATING MORE THAN $350,000 TO

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Anheuser-Busch announced Tuesday that it will cut ties with Carson King, the Iowa State fan who has raised over $1 million for the University of Iowa Stead Family Children’s Hospital, over multiple offensive social media posts he made.King held a press conference Tuesday to discuss a controversial post. He said a reporter with the Des Moines Register called attention to an offensive social media post he made when he was 16 years old.“Eight years ago, when I was a sophomore in high school, I made some social media posts with my friends that quoted and referenced the show ‘Tosh.0,’ King said. “One of those posts was brought to my attention by a member of the media today.”King said in an additional statement to KCCI, “The Des Moines Register has been nothing but kind in all of their coverage, and I appreciate the reporter pointing out the post to me. I want everyone to understand that this was my decision to publicly address the posts and apologize. I believe that is the right thing to do.”In a statement to KCCI, Anheuser-Busch said, “Carson King had multiple social media posts that do not align with our values as a brand or as a company and we will have no further association with him. We are honoring our commitment by donating more than $350,000 to the University of Iowa Hospitals and Clinics.” The content of the offensive posts have not been released, but the Des Moines Register reports that the posts compared black mothers to gorillas and make light of black people killed in the holocaust.On September 13, King created a sign reading "Busch Light supply need replenished. Venmo Carson-King-25" for "ESPN College GameDay" at Jack Trice Stadium in Ames. The sign generated national attention, inspiring donors from across the country to contribute to King's Venmo account.When King announced he would donate the money to the University of Iowa Stead Family Children's Hospital, Anheuser-Busch and Venmo offered to match his donation.King still plans to attend the Iowa football game on Saturday and wave to the children at the University of Iowa Stead Family Children's Hospital.