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Entercom Implements Company-Wide Freeze on Wages
| RADIO ONLINE | , , | :am CT |
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In a 8K filing with the Securities & Exchange Commission, Entercom said it would implement a corporate-wide freeze on wages. President/CEO David Field, Executive VP/CFO Stephen Fisher and Executive VP/General Counsel John C. Donlevie have all agreed to waive 2009 salary increases as called for in their employment agreements. All other terms of their current agreements are unchanged.
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