Breaking: iHeart agrees to recognize union, offer BZ jobs

RadioInsight Community Forums Northeast Boston Breaking: iHeart agrees to recognize union, offer BZ jobs

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This topic contains 15 replies, has 8 voices, and was last updated by  nifty850 2 weeks, 3 days ago.

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  • #178191

    raccoonradio
    Participant

    http://www.bostonherald.com/news/columnists/joe_battenfeld/2017/11/battenfeld_iheart_agrees_to_recognize_bz_union_offer_jobs_to?amp The radio conglomerate set to buy local news powerhouse WBZ-AM has agreed to recognize the station’s union and offer jobs to all of its employees, averting a nasty fight that threatened to derail the sale, the Herald has learned.

    IHeartMedia’s agreement with the union is a major concession from its initial threats to refuse to honor union contracts and force staffers to reapply for their jobs.

    The radio company and union reached an interim agreement last night setting out terms of the new deal, sources said.

    #178200

    blowtorcham
    Participant

    Also breaking this AM: IHeart stock collapses to just 81 cents…an all time low..on news of massive losses with no assurance company can continue.

    Any potential WBZ rework obviously on back burner. MUCH bigger issues in San Antonio…immediately.

    #178203

    BRW
    Participant

    Also breaking this AM: IHeart stock collapses to just 81 cents…an all time low..on news of massive losses with no assurance company can continue.
    Any potential WBZ rework obviously on back burner. MUCH bigger issues in San Antonio…immediately.

    Totally agree on that. They stock just lost over 30% on Q3 earnings. They got much bigger issues to address at this point.
    Pretty sure WBZ doesn’t stay in their hands for too long. Likely spin it out after all approvals come in and papers are signed.

    #178212

    blowtorcham
    Participant

    Update: IHeart stock crashed lost 54% of its entire value today.    Its now 55 cents. Analysts say its actually worthless–has zero Value.

    Earnings released yesterday were devastating. The company lost 4 TIMES its present value in just  the past 12 weeks ending 9/30/17. And it owed $20 Billion before that.

    In debt to equity prepackaged bankruptcy which is where we’re headed here as debt holders take over…the stock gets wiped out completely. This happened with GM, etc… Investors are obviously assuming present owners are headed for a wipe out.

     

    #178220

    nowradioguy
    Participant

    http://www.bostonherald.com/news/columnists/joe_battenfeld/2017/11/battenfeld_iheart_agrees_to_recognize_bz_union_offer_jobs_to?amp The radio conglomerate set to buy local news powerhouse WBZ-AM has agreed to recognize the station’s union and offer jobs to all of its employees, averting a nasty fight that threatened to derail the sale, the Herald has learned. IHeartMedia’s agreement with the union is a major concession from its initial threats to refuse to honor union contracts and force staffers to reapply for their jobs. The radio company and union reached an interim agreement last night setting out terms of the new deal, sources said.

    Thank God for this! I thought I sensed an upbeat note in the voices on WBZ Radio this morning. Good for them!!!
    #178283

    Eric Jon Magnuson
    Participant

    From today’s Tom Taylor Now (at https://us6.campaign-archive.com/?u=78b390ff9f5b002e3f050238c&id=559ce25048, under “Also due Friday, iHeart’s LMA of Boston’s news/talk WBZ/1030”)…

    How long will ’BZ stay co-located with CBS-owned WBZ-TV? It and Philadelphia’s all-news KYW/1060 are the only two CBS AMs currently housed alongside TV station newsrooms. This NOW Newsletter hears that WBZ staffers were told that things won’t change for the next six to nine months – call it “mid-Summer” – before they can expect to move to iHeart’s facility in Medford, Mass. Presumably they’ll be bunking down at 1 Cabot Road near iHeart stations such as CHR “Kiss 108” WXKS-FM and urban “Jam’n 94.5” WJMN.

    (I can’t fully confirm that WBZ and KYW are the only [soon to be former] CBS AMs that currently have that level of coordination or shared resources with a TV news department; however, it does make sense.  Ironically, in the case of KYW, it’s a relatively recent development, as the two sides moved into joint new facilities a few years ago; see, e.g., http://www.radiomagonline.com/products/0002/reunited-kyw-radio-is-back-home/27644 and http://www.delcotimes.com/article/DC/20140302/NEWS/140309962.)

     

    #178290

    Nathan Obral
    Participant

    The studios for NBC O&O WCAU in Philadelphia housed CBS Radio stations WPHT and WOGL for nearly 15 years after CBS sold WCAU to NBC. And WMAQ’s studios in the NBC Tower in Chicago had housed the onetime WMAQ Radio (both radio and TV moved from the Merchandise Mart to the NBC Tower in an arrangement drafted before NBC sold the radio station to Group W), then housed WSCR when that stations’ IP took over the 670 frequency. Today, the NBC Tower houses the Cumulus Chicago cluster, including WLS AM/FM and onetime NBC O&O WKQX-FM.

    It is not within the realm of reason that WBZ 1030 remains in the channel 4 studios for an indefinite period, owing to the costs of moving and if CBS offers a decent lease arrangement. Maybe longer than the six months that is projected by Tom Taylor. After all, a move like that is going to be a Herculean undertaking.

    WRKO does not have that amount of infrastructure behind it, so a move to the iHeart facilities will be less complex (when they take over it after disposing of WKOX, of course). Any content that would be fed to WRKO through WBZ can come through the magic of ISDN and FTP-transferable sound files… they don’t have to be in the same building.

    Recorded in Ultra Stereo, the ultimately superior cousin to Normal Stereo!

    #178573

    raccoonradio
    Participant

    Fybush says on Facebook that iHeart has let longtime WBZ programmer Peter Casey go

    #178580

    Joseph_Gallant
    Participant

    Today (November 22nd) at the end of WBZ-1030’s “Reporters’ Roundup” (a program of in-depth news airing from 12:30 to 1 P.M. weekdays), the anchor on duty (I don’t think it was usual anchor of the show, Rod Fritz) wished a “Happy Thanksgiving!” to Casey, identifying him as the “former news and programming director”.

    Until I read this board, I assumed that after hearing that on the air Casey was leaving ‘BZ to stay at Entercom in some other capacity, likely in another city.

    #178588

    nifty850
    Participant

    Yup..it is official: long time, 21-year WBZ Director of News & Programming Peter Casey got fired by IHeart on Thanksgiving Eve. Dan Kennedy reports “the dismantling of WBZ has begun”.

    #178591

    Eric Jon Magnuson
    Participant

    More about Mr. Casey’s dismissal is here…

    Peter Casey Out As WBZ Director Of News & Programming

     

    #178602

    BRW
    Participant

    The studios for NBC O&O WCAU in Philadelphia housed CBS Radio stations WPHT and WOGL for nearly 15 years after CBS sold WCAU to NBC. And WMAQ’s studios in the NBC Tower in Chicago had housed the onetime WMAQ Radio (both radio and TV moved from the Merchandise Mart to the NBC Tower in an arrangement drafted before NBC sold the radio station to Group W), then housed WSCR when that stations’ IP took over the 670 frequency. Today, the NBC Tower houses the Cumulus Chicago cluster, including WLS AM/FM and onetime NBC O&O WKQX-FM.
    It is not within the realm of reason that WBZ 1030 remains in the channel 4 studios for an indefinite period, owing to the costs of moving and if CBS offers a decent lease arrangement. Maybe longer than the six months that is projected by Tom Taylor. After all, a move like that is going to be a Herculean undertaking.
    WRKO does not have that amount of infrastructure behind it, so a move to the iHeart facilities will be less complex (when they take over it after disposing of WKOX, of course). Any content that would be fed to WRKO through WBZ can come through the magic of ISDN and FTP-transferable sound files… they don’t have to be in the same building.

    As of today, 1030 is still using 4’s news audio content to supplement its reporting. Heard them run and credit 4’s audio of Black Friday shoppers interviews at Wrentham Outlets

    #178603

    BRW
    Participant

    Today (November 22nd) at the end of WBZ-1030’s “Reporters’ Roundup” (a program of in-depth news airing from 12:30 to 1 P.M. weekdays), the anchor on duty (I don’t think it was usual anchor of the show, Rod Fritz) wished a “Happy Thanksgiving!” to Casey, identifying him as the “former news and programming director”.
    Until I read this board, I assumed that after hearing that on the air Casey was leaving ‘BZ to stay at Entercom in some other capacity, likely in another city.

    Competition-wise, ‘BUR and ‘GBH have been pretty aggressive in growing their radio news ops for the past few years. Not saying or speculating that Casey could be headed there(Sam Flemming has been heading ‘BUR for 27 years and ‘GBH brought in a new news director a couple years ago), but wouldn’t be at all surprised if he finds himself in a consulting news/programming capacity at either one down the road.

    #178606

    Joseph_Gallant
    Participant

    I can also see Peter Casey winding up running news at one of the all-news stations Entercom recently acquired as part of their purchase of CBS radio’s stations.

    Come to think of it, he’s make a great news director at one of those stations!

    #178610

    Nathan Obral
    Participant

    Yup..it is official: long time, 21-year WBZ Director of News & Programming Peter Casey got fired by IHeart on Thanksgiving Eve. Dan Kennedy reports “the dismantling of WBZ has begun”.

    We shall unfortunately see if iHeart is stupid enough to turn their Ferrari into a Yugo (an excellent analogy I saw on Scott Fybush’s FB post confirming Casey’s dismissal).

    I really hope they aren’t, if not because WBZ is the last AM station in the market with a high degree of relevance.

    Recorded in Ultra Stereo, the ultimately superior cousin to Normal Stereo!

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