Chicago Public Media announces 14 layoffs, end of Vocalo radio broadcast
Posted by Media Reader on April 3, 2024, 11:07 pm
Chicago Public Media announces 14 layoffs, end of Vocalo radio broadcast
The move to terminate nearly 15% of the 62 unionized content creators at Chicago’s National Public Radio affiliate, along with four members of the business staff at the Sun-Times, comes amid a worsening financial situation for the news organization.
Most don't get it, Public radio is 90% not funded by the Fed's, but by Grants and Contributions. I have contributed to WBEZ and to ST, I will no longer do so. Why contribute to WBEZ when it is all piped in and I can hear the programming elsewhere?
They should have never bought the Sun times. I know why they did, the assets, the reporters, the networking, but still. It dragged them down. 91.5 HD1 is all syndicated except for 1 local show a day. Sad.
This is the sickness of Capitalism. They just lopped off 15% of the common workers, the hard workers to give the idiot on top running a suffering entity a raise? No Moog. If I mess up at my position the company fires me, doesn't make others suffer due to it. I am pretty sure they can call a vote of no confidence on the loser. If they can, I hope they do. ---As I said, no more support from me.
Z
Moog is a lame-duck CEO now overseeing those layoffs that he said wouldn’t happen, and they come after his steep increase in executive pay. Chicago Public Media’s most recent tax filings showed Moog making $633,310 — a nearly 19% increase from a year earlier.
Moog defended that increase.
“All employees, including executives, are paid based on a market compensation study,” he said. “CEO compensation is carefully reviewed and approved by the compensation committee of the board.”