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Monday, April 06, 2020

TEGNA, owner of KHOU and many Texas stations, announces furloughs

TEGNA, owner of Texas stations like KHOU Houston, WFAA Dallas, KENS San Antonio, KVUE Austin, KCEN Waco, KAGS College Station, KYTX Tyler, KIII Corpus Christi, KBMT-KJAC Beaumont, KXVA Abilene and KIDY San Angelo has announced week long furloughs to come this month.

"On one hand, we're experiencing large increases in ratings and traffic across all our platforms," Dave Lougee, president and CEO of TEGNA told employees in an email. "But on the other hand, and for obvious reasons, many businesses have decreased or in some cases pulled their current advertising and marketing campaigns because of COVID-19. In anticipation of this possibility, we made operational decisions in early March to keep costs down, including eliminating all non-essential expenses."

Scott Jones of FTVLive has the full employee memo.

Poynter reports starting the week of April 20 to June 26, employees will be furloughed for a week. Management will take a, "commensurate 8% temporary pay reduction and general managers and corporate senior vice presidents and above will receive a 20% temporary pay reduction.”

Even the TEGNA board of directors will take a 25% pay cut for three months.

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