Re: Mike North rips on Tom Shaer

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Posted by Miguel Sur on June 18, 2009 at 19:50:13:

In Reply to: Re: Mike North rips on Tom Shaer posted by wcw on June 18, 2009 at 16:38:06:

: As far as I can tell, there isnt ANY talk of North trying to pull a fast one.

This may be true, but has there been any information about what came of the $300,000 that Hernandez paid to North's production company, Licorice Ltd.?

Take a look at Sherman's post from January about the "unique" (Sherman' word) financing deal North and Hernandez struck with Comcast.

Key passages:

"The deal struck between Mr. Corno and Mr. North also is unique. CSN isn't paying Mr. North a salary. Instead, it's paying a fee to his production company, Licorice Ltd., which will pay Mr. Jiggetts, Ms. Patterson and other talent. CSN provides the production crew. Both Mr. North and CSN's sales staff will sell ads, and once production costs are covered, Licorice and CSN will split the profits. Neither Mr. North nor Mr. Corno would disclose the exact split."

and

"So far, it seems to be working. Mr. North says his company has rung up $800,000 in ad revenue for "Monsters," including the title sponsorship, sold to NextStep Medical Staffing for a reported $300,000."

URL for the post: http://www.chicagobusiness.com/cgi-bin/news.pl?id=32568

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Comments:
: : As far as I can tell, there isnt ANY talk of North trying to pull a fast one. : This may be true, but has there been any information about what came of the $300,000 that Hernandez paid to North's production company, Licorice Ltd.? : Take a look at Sherman's post from January about the "unique" (Sherman' word) financing deal North and Hernandez struck with Comcast. : Key passages: : "The deal struck between Mr. Corno and Mr. North also is unique. CSN isn't paying Mr. North a salary. Instead, it's paying a fee to his production company, Licorice Ltd., which will pay Mr. Jiggetts, Ms. Patterson and other talent. CSN provides the production crew. Both Mr. North and CSN's sales staff will sell ads, and once production costs are covered, Licorice and CSN will split the profits. Neither Mr. North nor Mr. Corno would disclose the exact split." : and : "So far, it seems to be working. Mr. North says his company has rung up $800,000 in ad revenue for "Monsters," including the title sponsorship, sold to NextStep Medical Staffing for a reported $300,000." : URL for the post: http://www.chicagobusiness.com/cgi-bin/news.pl?id=32568 :

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