Staffers across American Media are getting a drastic pay reduction as company leadership cites economic pressure caused by the coronavirus.
The company, owned and operated by David Pecker and seemingly struggling for the last year or more with dipping circulation numbers, a presidential scandal and executive scandal, and now an apparently stalled sale, told staff that they will be receiving a pay-cut of 23 percent because of pressure on the business caused by the coronavirus. American Media, which last year went from being incorporated to an LLC, is best known for its celebrity news and gossip titles like The Enquirer, Us Weekly, and InTouch, among others.
Becca Strassberg, a senior editor at Us Weekly, wrote of the pay cut on Twitter, saying she and everyone else with the company was notified without warning by email on Saturday afternoon. She estimated that the cut would mean a reduction in salary of at least $15,000 for AMI workers, “putting us well below the New York state minimum.” The minimum pay for full-time salaried work in New York City is $58,500 for companies with 11 or more employees, after the Department of Labor increased wages last year.
“The email doesn’t tell us when, if ever, our
The company, owned and operated by David Pecker and seemingly struggling for the last year or more with dipping circulation numbers, a presidential scandal and executive scandal, and now an apparently stalled sale, told staff that they will be receiving a pay-cut of 23 percent because of pressure on the business caused by the coronavirus. American Media, which last year went from being incorporated to an LLC, is best known for its celebrity news and gossip titles like The Enquirer, Us Weekly, and InTouch, among others.
Becca Strassberg, a senior editor at Us Weekly, wrote of the pay cut on Twitter, saying she and everyone else with the company was notified without warning by email on Saturday afternoon. She estimated that the cut would mean a reduction in salary of at least $15,000 for AMI workers, “putting us well below the New York state minimum.” The minimum pay for full-time salaried work in New York City is $58,500 for companies with 11 or more employees, after the Department of Labor increased wages last year.
“The email doesn’t tell us when, if ever, our
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