American Media Inc., the publisher of The National Enquirer, Men’s Journal, Us Weekly and other titles, is reducing the pay out of its workers by a lot more than 20 per cent, a spokesman claimed on Saturday, as the coronavirus has shaken the economic system and the promoting market.
“American Media is committed to doing every thing we can through the Covid-19 disaster to guarantee our employees preserve their employment and well being positive aspects,” the enterprise said in a assertion.
There have been no layoffs, the spokesman claimed.
The cuts, initially noted on Saturday by The Every day Beast, are the most up-to-date occasion of a media outlet wanting to slender down as commonly sturdy advertisers, like restaurants and travel firms, shutter. Some alternative weeklies have laid off as significantly as three-quarters of their staffs. Past 7 days, the digital large BuzzFeed introduced momentary payroll cuts.