Here is the raw footage of the first TV interview that Michael Phelps has done since the infamous bong pipe photo.

WBAL TV 11 News reporter Kate Amara asked the greatest question in the world,”…What were you thinking?”

Advertising Age magazine reported Thursday evening that Kellogg’s will be dropping its contract with Phelps by the end of the month. The magazine cited a Kellogg’s spokeswoman, who said his recent actions aren’t consistent with the image of Kellogg’s.

But two of Phelps’ leading sponsors have still expressed support for him.

Luxury Swiss watchmaker Omega termed Phelps’ actions a private matter and “nonissue.” Swimwear manufacturer Speedo called the 23-year-old American a “valued member of the Speedo team.”

The International Olympic Committee is also backing the gold medalist.

“Michael Phelps is a great Olympic champion,” the IOC said in a statement to the AP. “He apologized for his inappropriate behavior. We have no reason to doubt his sincerity and his commitment to continue to act as a role model.”

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