Paul Bascobert, the chief executive, said he would not take his salary until the crisis was over. Earlier, Group Nine had suspended 401(k) matches, put raises on hold, instituted a hiring freeze and cut executive pay 25%. In addition, the company laid off four executives, and Forman will take a 50% pay cut. The Tribune Publishing chief executive, Terry Jimenez, said he would not take his salary for two weeks. Last month, in a move unrelated to the pandemic, the paper announced 11 layoffs and a 10% pay cut for full-time staff members.

Source: bd News24 April 11, 2020 02:15 UTC