Good news for Hearst CT: Poynter has reported that Hearst Corporation has promised employees that they will see no furloughs, pay reductions or layoffs during COVID-19 coverage.
Here’s an excerpt of the article:
In fact, Hearst CEO Steven Swartz told publishers and editors in a conference call this week, the company is giving a 1% bonus to all employees, will create an added bonus merit pool later and is waiving the budget targets that determine executive bonuses.
In addition, the company is taking out six-figure TV ad buys in some markets to promote the papers and their pandemic coverage.
