E.W. Scripps executives are taking pay cuts so they can keep paying employees during these uncertain times.
Effective Tuesday, the company’s senior leadership team and members of the board of directors began taking voluntary salary and fee reductions. The company is donating an amount equal to those cuts to a fund that will support employees impacted by the COVID-19 crisis.
Here’s a breakdown of the voluntary salary reductions:
– Scripps president and CEO Adam Samson will take a 15% reduction to his salary.
– Executive officers will take a 10% payout, including chief financial officer Lisa Knutson; local media president Brian Lawlor; executive vice president, national media Laura Tomlin; general counsel Bill Appleton; senior vice president, controller and treasurer Doug Lyons; senior vice president, corporate communications and investor relations Carolyn Micheli; and vice rresident, benefits and compensation Julie McGehee.
Additionally, the 11 members of Scripps’ board of directors will take a 15% reduction in their annual cash compensation, and board chairman Rich Boehne also will forego the remainder of his 2020 chairman fees.
As TVSpy previously reported, Scripps set up an employee relief fund last month.