In order to weather the coronavirus storm, the media company announced Monday it will cut some top earners’ pay and no longer match employee retirement contributions.
Max TaniVice announced pay cuts for top staff and people making over 100k. CEO Nancy Dubuc is taking a 50% pay cut, while some execs are taking 25% reductions and working 4 days a week. The company will also halt 401k matching.
Some staffers, including executives, will see a nearly 25-percent pay cut. And one source said CEO Jonah Peretti will not take a salary as the crisis continues.
Max TaniBuzzFeed is implementing pay reductions for staff through May. The cuts are on a scale: Lowest paid staff (under $65k) will take a 5% pay cut, execs will take between 13% and 25%. I'm told Peretti will not be taking a salary during the crisis.
As bigots blame them for the coronavirus and President Trump labels it the “Chinese virus,” many Chinese-Americans say they are terrified of what could come next.
Max TaniThe head of the emergency department at a Manhattan hospital went to Home Depot to buy extra protective gear for his staff in case the hospital runs out. While he was there, he was harassed by three men who then followed him out into the parking lot.
Matthews’ exit comes on the heels of a reporter’s allegation that he sexually harassed her before an on-air segment in 2016.
Max TaniMatthews apologizes: “Compliments on a woman's appearance some men, including me, might have once incorrectly thought were okay were never okay. Certainly not today. For making such comments in the past, I'm sorry."
CNN, Condé Nast, and the NY Times have all implemented travel restrictions. Business Insider, meanwhile, has asked staffers to find alternatives to handshakes
Max TaniA number of outlets/media companies (NYT, Conde Nast, Dow Jones, among others) are limiting non-essential travel, and asking staff who have been to a list of countries affected by coronavirus to self-quarantine for several weeks.
The move came amid pressure from New Yorker staffers to eliminate the controversial practice, which the magazine had famously exposed in its reporting on Harvey Weinstein.
Max TaniNew: Condé Nast is getting rid of NDAs tied to harassment and discrimination.
The move came in the months after the New Yorker union pushed for the magazine to eliminate and nullify NDAs related to harassment and discrimination.
In a briefing obtained by The Daily Beast, Fox’s research unit advises colleagues to be wary of “disinformation” from several Trump-boosting on-air regulars, including Giuliani.
Max TaniNew from me and @willsommer: Fox News' research unit advised colleagues to be wary of “disinformation” from several on-air regulars, including network contributor John Solomon, and Victoria Toensing and Joe diGenova