Entercom To Restore Full Salaries
“The pandemic has caused a great deal of human suffering and fatalities and has taken a brutal toll on our nation’s economy. As a result, like other media and entertainment companies, we have experienced a dramatic decline in revenues. Fortunately, Entercom is a strong organization with the scale, resources and powerful businesses to endure these unprecedented times, but we have had to take some painful but necessary steps to mitigate the enormous impact.
In closing, Field said, “From the earliest days of the pandemic, we have made it clear that we are committed to emerging as a vibrant, healthy, and growing company positioned for a bright and successful future. I am pleased to report that we are on track to achieve those goals… I am proud of everything our team is doing to help our nation, communities, listeners, and customers at this challenging time. Let’s redouble our efforts to continue delivering our best work for all of those we touch and to ensure that we come through this as a company stronger than ever and positioned for great, enduring success in the years ahead.”