Instead of facing the indignity of laying everyone else off, they got to use COVID-19 as the excuse

Source: http://www.crazydaysandnights.net

As I have been telling you, this media company was already on thin ice and essentially had shuttered their one online only property.

Instead of facing the indignity of laying everyone else off because no one is reading most of their publications any longer, they got to use COVID-19 as the excuse and now can try and grab some free money to boot.

National Enquirer

Publisher: American Media Inc.

National Enquirer publisher AMI cites coronavirus amid staff pay cuts

American Media Inc., the publisher of National Enquirer and a plethora of other magazines, has cut staff pay by nearly a quarter as the company struggles to overcome new coronavirus-related business losses, according to a recent report.

AMI Chairman David Pecker sent a staff-wide email Saturday notifying employees the media company would be decreasing their salaries by 23 percent, effective April 1 until further notice, according to Page Six.

An AMI spokesperson told FOX Business on Tuesday the publisher “is committed to doing everything we can during the Covid-19 crisis to ensure our staff maintain their employment and health benefits.”

Pecker attributed the pay cuts to a “sudden loss of millions of dollars in the short term,” which he said was caused by a decline in ad and newsstand sales, as well as travel, which, in turn, contributes to the lack of magazine sales, according to the report. – Source