Reacting to the economic downturn, Emmis Radio cut more than 30 people nationally and instituted pay cuts for other employees.
Emmis isn’t the only radio group to institute cost savings. In third quarter, CBS Radio cut 300 jobs for a total of 400 layoffs since the beginning of the year, the company confirmed in its third quarter earnings call last week.
“Like most of our peers, Emmis is facing the challenges of a struggling media sector and a turbulent economy. Yesterday (Thursday, Oct. 30), Emmis Radio instituted a series of steps to better position it for success. Those steps included a 4 percent workforce reduction, which included 29 full-time and six part-time employees of Emmis Radio. Notified employees received generous severance packages and other support. In addition, the company announced a 3 percent salary reduction for Emmis Radio and corporate employees earning more than $50,000,” the company said in a prepared statement.
Many of the staff reductions happened within the Emmis/New York cluster, including some part-time talent on Urban Adult Contemporary WRKS-FM and Rhythmic WQHT-FM (Hot 97), as well as some sales and engineering cuts. Triple A WRXP-FM was apparently not directly affected by these moves.
Emmis/St. Louis bid farewell to night jock Cornbread at alternative KPNT-FM (105.7 the Point).
–with additional reporting by Katy Bachman