Cumulus Media’s Turn To Make Sacrifices
While no one is speaking on the record, RAMP has learned from multiple sources that Cumulus CEO Mary Berner broke the tough news to the staff on Tuesday via video message. Among the main points: 1) Berner (left) will take a 50% pay cut, while the rest of the Cumulus executive leadership team will take a 25% cut and give up their bonuses for the year; 2) Salaried employees will take three non-consecutive weeks of unpaid leave in one-week installments over the next 15 weeks. Others will take 90-day pay cuts, and 3) a third group of employees, whose daily duties have been reduced or eliminated, have been placed on a 90-day furlough, starting April 16.
Cumulus Chicago VP/Market Manager Marv Nyren told Chicago media journalist Robert Feder that these moves will keep all workers employed without having to resort to layoffs. However, SAG-AFTRA, which represents many on-air employees, raised objections to the plan, saying Cumulus “cannot unilaterally implement changes upon union-represented staff.”