"ZoomerMedia Ltd., the Toronto-based media company overseen by industry veteran Moses Znaimer that targets the 45-plus demographic it calls “boomers with zip,” is on the hook for almost $800,000 after losing its final appeal in a long-running breach-of-contract suit filed by the former president and CEO of its television division.
"Bill Roberts, who headed Vision TV when Zoomer bought the spiritually oriented TV channel for $25-million in 2010 from the charity known as S-VOX, filed suit after he and Zoomer failed to agree on an extension of his employment contract in early 2012 and the company informed him he would be dismissed that October. Although Zoomer gave him eight months’ notice, Mr. Roberts claimed the terms of his original contract provided for a severance payment worth two years’ salary, or $490,000. He also claimed he was due $150,000 in lieu of a promised six-month sabbatical.
"Mr. Roberts, a long-time broadcast executive who was managing director of TVOntario before moving to Vision in 2000, was credited with helping expand the company from its namesake channel to a suite of services that included One: The Body, Mind & Spirit Channel."