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.