Sources said Entercom’s chief operating officer Susan Larkin had a conference call with WFAN staff Thursday morning during which she explained that contract workers, such as Francesa, Esiason and Giannotti, who earn $ 250,000 or more will be asked to benefit from a 20% pay cut.
Those in the range of $ 100,000 to $ 250,000 will have to accept a 15% reduction.
Those in the range of $ 50,000 to $ 100,000 will have to be reduced by 10%.
Entercom CEO David Field said he would take a 30% reduction in a memo published for the first time by the Radio & Television Business Report site.
Those without a contract will have no choice but to accept the new financial stipulations. Those with contracts could refuse or negotiate new terms.
On Thursday afternoon, John Minko, a longtime update man, a 1987 FAN original, announced on Francesa’s Radio.com show that he had taken over a buyout. Friday will be his last day. The 67-year-old known as “Mink Man” has been part of the station’s sound fabric for more than three decades.
Esiason, for his part, told the Post that he would help Entercom.
“I am ready to sacrifice myself for the good of all,” Esiason told the Post.
Esiason said the entire “Morning Show with Boomer & Gio” team would remain intact and unaffected by the layoffs.
In addition to the holidays, FAN will have layoffs. Entercom laid off hosts at other stations on Thursday, but it is not known if anyone in New York will be among them. The reduction that Entercom plans to implement would be in effect at this stage until July 23.
Entercom declined the comment.
In other news, Francesa seemed like he was trying to close the Twitter account, @BackAftaThis, famous for replaying clips from his program. Francesa said that if someone posts an audio or video file of their show, they will need the express written consent of FAN / Entercom.
Francesa said they would hear from the company’s lawyers if not. Francesa mentioned her viral virulence against the manipulation of Donald Trump COVID-19 as an impetus for decision.