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Hot off the Net

Furloughs, layoffs and CEO pay cuts hit US radio

At iHeartMedia, CEO Bob Pittman will not be taking a salary for the remainder of 2020. He will also give up any incentive bonuses. Senior managers at iHeart, including CFO Rich Bressler, will have their pay cut from 30% to 70% through the end of 2020. In addition to the senior level cuts, iHeart is also furloughing a number of employees for 90 days.   At Townsquare, 65 employees have been let go, 26 of them from the corporate office. CEO Bill Wilson and others from corporate have all volunteered to take a 10% pay cut.
Radio Ink

Former BBC radio presenter dies with coronavirus

Former BBC presenter, John Hood, who died with coronavirus had "touched so many people's lives", his ex-partner has said.   John, 66, was well known on BBC Radio Suffolk before becoming a police community support officer.
BBC

NZME's Radio Sport to shut down indefinitely

New Zealand's only sports-dedicated radio station has gone off-air indefinitely, and Newshub understands Radio Sport employees have been informed that their frequencies would simulcast Newstalk ZB "indefinitely" from 1pm Monday. Newshub understands staff were told that there is no guarantee the station would return to air when the COVID-19 pandemic subsides.
Newshub

Radio is ‘Comfort Food’ As Media Consumption Rises Amid COVID-19 Pandemic

As more Americans opt to stay home amid growing concerns about the spread of the novel coronavirus (COVID-19), media consumption is, unsurprisingly, peaking. Yet amid the various media options consumers have to choose from, including streaming platforms and connected TVs, a recent Nielsen survey found that 83% of consumers say they’re listening to as much or more radio as they were before the pandemic.
Nielsen USA

‘I felt really cold’: Radio boss tests positive to coronavirus

The news director of Sydney's biggest radio station 2GB has tested positive to coronavirus describing her symptoms as starting when she began “feeling really cold”. Journalist and newsreader Natalie Peters has been in self-isolation, away from her 2GB colleagues including Ray Hadley and Erin Molan, since arriving back from overseas earlier this month.
news.com.au

Elton John to host radio concert as coronavirus antidote

Elton John is hosting a “living room” concert aimed at bolstering American spirits during the coronavirus crisis and saluting those countering it, iHeartMedia and Fox said Wednesday. Alicia Keys, Billie Eilish, Mariah Carey, the Backstreet Boys, Tim McGraw and Billie Joe Armstrong are scheduled to take part in the event airing at 9-10 p.m. EDT Sunday on Fox TV and on iHeartMedia radio stations.
NBC New York

On the same wavelength: how radio keeps us connected during coronavirus

It’s not unusual to feel the low-level churn of anxiety every day, and scrolling through news headlines and social media warnings is only fuelling it. Watching TV offers escapism, but what has really come into its own in the coronavirus crisis is radio. Just when the rise of podcasts and playlists had threatened to take the shine off linear shows, it has hit the perfect tone to get the country through the long weeks of isolation.
The Guardian

Adland: To survive COVID 19, we need to take 40% pay cuts, now

Client spending could drop by 40%, minimum, within four weeks. So to survive this pandemic, and its impact on our businesses, adland employees - of all levels - need to be willing to take a 40% pay cut, argues Chris Savage.
Mumbrella

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Wisconsin's premier 2nd Amendment/freedom minded/capitalism embracing radio program
Well Armed Radio

Coronavirus sends local news into crisis

Dozens of local newsrooms throughout the US began laying people off this week out of fear that the economic hit of the coronavirus could severely impact their ad revenue.   Local news was already facing dire strains in the United States. The coronavirus and a pending recession could push the industry into near collapse at a time when people need access to local news and information more than ever before.
Axios

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