ESPN, struggling to maintain contemporary programming on its schedule with stay sports activities sidelined by the coronavirus pandemic, is asking a few of its best-known personalities to take pay cuts.
“We’re asking about 100 of our commentators to hitch with our executives and take a short lived wage discount. These are difficult occasions and we’re all on this collectively,” the Disney-owned sports-media big stated in a press release. Sports activities Enterprise Journal beforehand disclosed the cuts.
The wage reductions are prone to have an effect on the community’s highest-paid commentators, who embrace personalities like Stephen A. Smith and Mike Greenberg. ESPN is in search of cuts of 15%, and would embody three months of pay cycles, in keeping with an individual conversant in the matter. Executives hope the pay cuts will tamp down a necessity for brand spanking new furloughs, and preserve paychecks intact for lower-paid ESPN workers who don’t earn the forms of salaries that the big-name personalities do.
ESPN’s efforts are a part of broader initiatives at mother or father Walt Disney to trip out what has grow to be an ideal storm of powerful circumstances. A number of the firm’s greatest operations are to be present in communal occasions – visits to theme parks and sports activities matches. However the pandemic has made such issues inconceivable to keep up, and nobody is for certain how lengthy such circumstances will proceed.
Extra to return…