ESPN Seeks Pay Cuts From Top On-Air Personnel – Variety
ESPN, struggling to maintain recent programming on its schedule with dwell sports activities sidelined by the coronavirus pandemic, is asking a few of its best-known personalities to take pay cuts.
“We’re asking about 100 of our commentators to affix with our executives and take a brief wage discount. These are difficult occasions and we’re all on this collectively,” the Disney-owned sports-media large mentioned in an announcement. Sports activities Enterprise Journal beforehand disclosed the cuts.
The wage reductions are prone to have an effect on the community’s highest-paid commentators. ESPN is looking for cuts of 15%, and would embody three months of pay cycles, in accordance with an individual accustomed to the matter. Executives hope the pay cuts will tamp down a necessity for brand new furloughs, and hold paychecks intact for lower-paid ESPN workers who don’t earn the varieties of salaries that the big-name personalities do.
Extra to come back…
COPYRIGHT_BP: Published on https://bingepost.com/espn-seeks-pay-cuts-from-top-on-air-personnel-variety/95116/ by Cecilia Jones on 2020-04-13T17:20:43.000Z