Beasley Adjusts To New Reality

• Beasley Media Group just released a statement that reads, “Our company, like other broadcasters and our clients, is being directly impacted by the recent unanticipated economic downturn due to the Coronavirus pandemic. Like so many others in our industry, we must adjust to the new and unforeseeable circumstances we now face. As a result, our CEO, Caroline Beasley is taking a 20% reduction in salary during the second quarter. All salaried full-time employee wages will be reduced by 10% for the second quarter, respecting existing contractual obligations. We have eliminated a total of 67 positions across the company, furloughed 18 full-time employees and are furloughing several part-time employees. We anticipate bringing back all furloughed employees at the end of the second quarter or sooner if circumstances permit. Finally, we are reducing the hours for all full-time hourly employees from 40 to 36 during the same time period.”

The statement concludes, “These are very difficult decisions. We are confident that the steps we take today will allow us to continue to serve our clients, communities and ensure our company will emerge stronger once the crisis abates.”