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Sherman: Checks bounce at Webio; North out

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Reared on the Score

Post subject: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 8:04 pm

Joined: Thu Apr 09, 2009 3:55 pm
Posts: 2610
pizza_Place: Aurelio's

Long time lurker, proud to make this my first post:
http://www.chicagobusiness.com/cgi-bin/article.pl?page_id=2317&plckController=Blog&plckScript=blogScript&plckElementId=blogDest&plckBlogPage=BlogViewPost&plckPostId=Blog:f5555513-c950-4657-a93a-80db16fdf4adPost:ef51a3df-0a26-4ae3-a5a3-aadec14950b0&sid=sitelife.chicagobusiness.com&seenIt=1

Quote:

It was a wild day at Chicagosportswebio.com Friday.

The new Internet sports talk site outlet had checks to its employees bounce this week. Then late in the afternoon, David Hernandez, the CEO of Spectrum Entertainment, fired Mike North, his wife BeBe and Jeff Schwartz, who helped found the station.

Mr. North said he was fired by Mr. Hernandez after questioning him about Webio's finances. He said 12 checks bounced a couple of weeks ago, and as many as 30 this week.

"When people's checks started to bounce, we wanted to find out why," Mr. North said. "He never responded to our emails and phone calls."

Mr. Hernandez could not be reached for comment. On Monday, he told Crain's that Webio was making a profit.

Many people in the industry doubted Mr. Hernandez's claim. The station launched in April. Mr. Hernandez spent considerably on marketing with TV ads and billboards. He also brought in personalities such as Chet Coppock and former boxer Ray "Boom-Boom" Mancini, signing them and others to two-year contracts.

Mr. North said he hopes to to take over Webio. His "Monsters in the Morning" show on Comcast SportsNet was simulcast on Webio.

"I still think it is a tremendous idea," Mr. North said.

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RFDC

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 8:11 pm

Joined: Sun May 11, 2008 4:11 pm
Posts: 57199

wow

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 8:22 pm

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Let it never be said that people on this board are stupid. We all knew this "we're doing well" shit was all bullshit every god damn step of the way.

Shit, I told Weber to cash his checks as soon as he got them, right when this thing started.

Last edited by Beardown on Fri Jun 12, 2009 8:28 pm, edited 1 time in total.

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 8:24 pm

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Fuckin' North. He says he wants to take over. Yeah, right. You want to be financially responsible when you see the guy you suckered go under.

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 8:30 pm

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This also means that Hernandez will pull out of North's Comcast show. He was their main sponsor with "Next Step". :lol:

So now Comcast will end that show shortly.

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Hawkeye Vince

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 8:48 pm

Joined: Tue Mar 07, 2006 10:17 am
Posts: 14391
Location: West Burbs

Interesting in here is that Jiggs and Patterson are still 'employed'. You have to wonder what happens Monday. I might actually wake up early to see the train wreck on CSN.

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 8:54 pm

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Jiggs and Jiggles weren't employed by Webio. They were a part of the Comcast TV show. It's just aired on sports webio.

North was GM of Webio. Bebe had some made-up position and Space Ball was in charge of ads.

They fuckin took on 25 to 30 employees. They were paying big money for ads on TV and at the Sox games. Of course checks were gonna bounce. They didn't have any good talent and it's tough for regular media outlets to get sponsors in these times.

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RFDC

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 8:54 pm

Joined: Sun May 11, 2008 4:11 pm
Posts: 57199

Yeah I was just wondering what actually this means? Is the show still on comcast, but not webio? What does this mean for the other guys on webio?

_________________
"He is a loathsome, offensive brute
--yet I can't look away."

Frank Coztansa wrote:

I have MANY years of experience in trying to appreciate steaming piles of dogshit.

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:01 pm

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RFDC wrote:

Yeah I was just wondering what actually this means? Is the show still on comcast, but not webio? What does this mean for the other guys on webio?

He'll file for bankruptcy on this business. Those contracts won't mean anything once that happens. They're all screwed.

The show will still be on Comcast for a while but not for long. Like we all predicted, it won't last a year.

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SHARK

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:03 pm

Joined: Sat Mar 15, 2008 8:55 pm
Posts: 26000
Location: Lurking Below the Surface...
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RFDC

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:07 pm

Joined: Sun May 11, 2008 4:11 pm
Posts: 57199

Man that sucks for guys like Webby and Freddy, I really like them. I would rather have them in the morning slot on the Score than M&H.

_________________
"He is a loathsome, offensive brute
--yet I can't look away."

Frank Coztansa wrote:

I have MANY years of experience in trying to appreciate steaming piles of dogshit.

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:10 pm

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Yeah. Not so much for Fred cuz he was a last minute add. He had nothing going so this doesn't matter to him. Weber was a producer at the Score and he was starting to get "air time". Now there is no room for him. All producers are with their shows and they have to find air time for Larry and Murph.

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:12 pm

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You think AM 820 is gonna take them on after reading this? Shit, Hernandez said that was gonna happen a couple of days ago. He said they were making a profit too even though that SOB knew he was bouncing checks for a couple of weeks.

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aparicio

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:18 pm

Joined: Thu Nov 30, 2006 4:09 pm
Posts: 352
Location: A little town called none of your god-damned business

Don't want to say I told you so but I told you so. JohnKirk=David Hernandez

North gone again....what a joke :lol:

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aparicio

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:24 pm

Joined: Thu Nov 30, 2006 4:09 pm
Posts: 352
Location: A little town called none of your god-damned business

Bet that idiot Teddy Greenstein feels like one lucky SOB. He's lucky the Trib didn't let him go and made him stay at his $32K per year job....hey he's got that going for him :lol:

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aparicio

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:42 pm

Joined: Thu Nov 30, 2006 4:09 pm
Posts: 352
Location: A little town called none of your god-damned business

What can you do with a Chicagosportswebio check?

:bball:

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Mr. Belvidere

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:54 pm

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I is speechless. cant wait for the "north spin" I'm snickering like a mischievious school girl.

Last edited by Mr. Belvidere on Fri Jun 12, 2009 10:05 pm, edited 1 time in total.

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 9:59 pm

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You can see what Hernandez was trying to do. He was trying to get a radio station to be a partner/sucker before it was realized that he was bleeding money. He was trying to get in publicized that he was making a profit. He couldn't pull it off. He had to fire North and North went to Sherman so it's out in the open.

Last edited by Beardown on Sat Jun 13, 2009 4:30 pm, edited 1 time in total.

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Mr. Belvidere

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:02 pm

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What will he do now? Isnt Hernandez the MAIN sponsor for the sponsorless Monsters show? In this economic time, Who's gonna pay that tab? This has to go deeper than just bouncing checks. I bet he missed some promised advertisement paymnts for Norths Comcast telecast.

Look out David! Fritzy and Knuckles are lookin for ya. Someones got to pay!

Last edited by Mr. Belvidere on Fri Jun 12, 2009 10:19 pm, edited 1 time in total.

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StreetDoc67

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:06 pm

Joined: Thu Jun 26, 2008 8:24 pm
Posts: 233
Location: Chicagoland

Sooooooo . . . just how much do you think the guys who jumped ship from the Score wish they had that to do over again?

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Darkside

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:07 pm

Joined: Wed Jun 28, 2006 9:29 am
Posts: 65733
Location: Darkside Estates
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So North has lost three jobs in a year?

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Mr. Belvidere

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:10 pm

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http://blogs.suntimes.com/sportsprose/2 ... chica.html

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Supercup

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:16 pm

Joined: Fri Feb 27, 2009 12:32 pm
Posts: 752
pizza_Place: cheese

lovin it

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aparicio

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:19 pm

Joined: Thu Nov 30, 2006 4:09 pm
Posts: 352
Location: A little town called none of your god-damned business

"I still think its a tremendous idea".

:lol:

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Bucky Chris

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:22 pm

Joined: Wed Jun 04, 2008 9:29 am
Posts: 8116
Location: South Elgin
pizza_Place: Ian's Pizza

Don't blame North for this one, it's on David. He's in big big trouble. Big trouble.

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SHARK

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:23 pm

Joined: Sat Mar 15, 2008 8:55 pm
Posts: 26000
Location: Lurking Below the Surface...
pizza_Place: Dino's Pizza

I wonder if the checks bouncing mean that ChicagoSportsWebio.com altogether will soon be no more...

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Beardown

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:24 pm

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http://www.youtube.com/watch?v=4sTP994tOMk

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Mr. Belvidere

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:24 pm

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poor shorty george...

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Supercup

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:25 pm

Joined: Fri Feb 27, 2009 12:32 pm
Posts: 752
pizza_Place: cheese

Chris in St. Charles wrote:

Don't blame North for this one, it's on David. He's in big big trouble. Big trouble.

And Hernandez has nobody to blame but himself for listening to a complete fucking loon named Mike Nort.

Thats like listening to a child molester on tips on how to babysit.

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Jack Bauer wrote:

Superbitch, I'll pay for your tickets and drinks if your little pussy ass shows up. I GUARANTEE you'll leave in an ambulance though.

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Jalapenos and More

Post subject: Re: Sherman: Checks bounce at Webio; North out

Posted: Fri Jun 12, 2009 10:25 pm

Joined: Mon May 18, 2009 6:03 pm
Posts: 1714
Location: Woo! (or Portland)
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I'm sure Ed Sherman will apologize for his lack of journalistic diligence. Like I wrote 2 days ago (I think), if Hernandez created a separate business entity for the webio—like an LLC or S-corp—he can just dissolve the business, keep his company, keep his personal assets and stiff everyone involved.

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