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

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.

The business is currently awaiting an announcement from Prime Minister Scott Morrison regarding additional support for workers, which will help the business stave off any further redundancies it says. Should that announcement, which is pegged to arrive this week, not come, more redundancies can be expected.

CEO Alison Cameron said the challenges facing the broadcaster were no different to those facing the rest of the industry.

“Like all other media, Grant Broadcasters is experiencing a significant downturn in revenue as a result of the restrictions placed on businesses and outdoor activities,” said Cameron.

“We have taken prudent measures to ensure that we can retain as many staff as possible through these trying times. We are committed to making sure that we give our people the best possible individual support, as well as continuing to provide the most relevant news and content to our local communities.”

The business has also made operating expense savings through the reduction of casual staff, travel between markets and client hospitality. The changes will come into effect immediately.


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