Yesterday Radio One issued a letter to the staff announcing that they had to reduce base compensation/wages by 10% or 20% depending on the employee’s salary. Employees making $100,000 or less get a reduction of 10% and those making more than $100,000 get a reduction of 20%. The reductions will be reflective in employees’ paychecks starting April 24 until further announcement but a tentative date has been set for Sept 30, provided business returns to normal. Entercom and several other radio corporations are making the same changes in order to save jobs.
Saving Radio: Frank Ski on Black Radio