Grant Broadcasters executives take pay cuts in response to COVID-19 pandemic

March 30, 2020 12:31

The senior executive team at Grant Broadcasters have agreed to a reduction in base remuneration in a bid to help the business weather the coronavirus (COVID-19) pandemic.

The radio company, which operates 52 commercial broadcast stations, has also undergone a ‘small number of redundancies’ in relation to the economic struggles it is facing as the virus impacts the advertising market.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Hannah Blackiston

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

Topics

2 COMMENTS

Spiderman 30 Mar 20

Not as many comments as Chris Savage’s article last week, but a much more sensible approach. Pay cuts for the executives who get paid for that responsibility. Great leadership. As Spiderman once said “With great power there must also come great responsibility”.

User ID not verified.

Hack 31 Mar 20

How much is the “reduction in base remuneration”?

User ID not verified.