Media: Barrington’s WHOI still providing local news? Depends on your definition
Posted in Uncategorized with tags Barrington, HOINews, WEEK, WHOI on March 18, 2009 by Billy DennisBarrington Broadcasting (owner of Creve Coeur-based WHOI) has released its 4th quarter and year end financial statements. Radio and Business Report says this:
Pilot Group LP, the sole shareholder of Barrington Broadcasting, injected $16 million of new capital into the TV group owner last month. Meanwhile, Barrington reports that Q4 net revenues increased 7.2%, or 4.3% on a same station basis. Like so many others, Barrington has been cutting costs, although CEO Jim Yager notes that not a minute of local news has been dropped.
Oh sure. The company fired it’s local news staffs (the wonderful severance package was four weeks worth of pay, from what I hear) and outsourced the “local news” to former competitors (in Peoria’s case, WEEK). This means that the same news reports are now running on two stations in the same market. But they didn’t “drop” news. They just deprived viewers in their market of one source of information.
