Not even Kyle Sandilands and Jackie O Henderson are safe from the pay cuts at the Australian Radio Network.
The duo will take the haircut as all on-air talent at ARN see a 10 per cent reduction in pay amid the COVID-19 outbreak.
ARN CEO Ciaran Davis announced a host of company-wide changes yesterday, including all full-time staff reducing their hours by one day.
“The priority of the Board and management team is the safety and wellbeing of all of our staff. These decisive measures have been put in place to protect jobs and ensure ARN remains in a strong position as a stable business – and employer – in the long term,” Davis said.
“Australia is facing a widespread fall in marketing and advertising activity and our response to this crisis is being reviewed on an on-going basis as we assess the revenue performance over the coming weeks and months.”
In October last year it was reported ARN had extended Kyle and Jackie O’s salary in a deal which sees them earn between $7-8 million per annum until the end of 2024.