Radio and audio giant iHeartMedia has begun to cut senior management pay and lay off "non-essential" staff as it eyes around $250 million in cost savings this year amid the coronavirus pandemic.
25.03.2020 - 18:25 / variety.com
U.K. broadcaster the BBC has temporarily put on hold a restructuring plan that would have axed 450 jobs in its news division and saved the corporation £80 million ($94 million) by 2022.
The restructuring plan was announced in January. On Wednesday, BBC director general Tony Hall informed staff that this has been paused for now. The corporation is now focusing on timely delivery of coronavirus news and related programming to its audience.
BBC programs affected by the plans include BBC Two’s
Radio and audio giant iHeartMedia has begun to cut senior management pay and lay off "non-essential" staff as it eyes around $250 million in cost savings this year amid the coronavirus pandemic.
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