Entravision is reducing the annual base salaries of all employees, including that of CEO Walter Ulloa, who will see a 15% drop in his income. According to Radio Ink, the cuts for other employees will be done on a sliding scale, depending on their current pay levels. In a filing with the he Securities and Exchange Commission, the company said the pay cuts were effective March 27.
Staffers at Entravision stations say the company has told them they will soon be undergoing other changes besides the pay cuts.
