Tampa Bay Times Extends Pay Cut

The Tampa Bay Times (formerly the St. Petersburg Times) cut its staffers pay by 5% for five months starting last September to save $1 million. Pay should have been restored at the end of this month.

Instead, the paper is extending the pay cuts at least through April. Management will “take stock of our situation” in May, according to a memo from CEO Paul Tash obtained by Romenesko.

While this measure continues, staffers will continue to receive an extra day off per month.

Layoffs hit the Poynter-owned paper in October.