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Entravision, Journal Institute Salary Cuts Company Wide


In a filing with the SEC, Entravision said that since March 27 it has reduced the annual base salaries of all employees on a sliding scale, based on their current pay levels. Chairman/CEO Walter Ulloa and President/COO Philip Wilkinson will receive a 15% reduction in salary, while Executive VP/COO Christopher Young and President/Radio Jeffery Liberman will see pay cuts of 12.5%.

Concurrently, Journal Communications has announced a 6% pay cut across the board for company employess, effective with the first pay period in April, reports the Milwaukee Business Journal. However, Journal employees will receive added vacation days to compensate for the reductions.

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