Salem Communications says every full and part-time employee will take a 5% reduction in pay beginning next week and some executives are even taking a 10% reduction.
Salem owns Salem Radio Network, which syndicates talk, news and music programming to approximately 2,000 affiliates; Salem Web Network (e.g., Crosswalk.com); and Salem Publishing, a leading publisher of Christian-themed magazines (e.g., CCM). The company owns and operates approximately 100 radio stations, including stations in 23 of the top 25 markets.
