Employees at KATC-TV3, whose parent company is owned by South Carolina-based Evening Post Publishing Co., are taking a week off without pay this quarter as part of a corporate-wide cost cutting measure.
Speaking on the condition of anonymity, an employee at the station tells the INDsider that everyone, including management and top executives, are included in the program. KATC is owned by Cordillera Communications, a subsidiary of privately held Evening Post.
KATC General Manager Andrew Shenkan declined to comment for this story, saying he would neither confirm nor deny the furlough program.
A March 24 Editor & Publisher story also indicates the program affects all of Evening Post’s employees. Evening Post owns 14 newspapers and 13 television stations in nine states. Because some of the company’s properties are suffering from declining advertising revenue, the move is a strategy to avoid more layoffs.
The KATC employee says the furlough program has gone over surprisingly well with the local staff because of Cordillera’s record for taking care of its employees. At a time when most companies were cutting back, Cordillera bonused a week’s pay to employees in November. “We have gotten many, many bonuses over the years,” the employee says.
KATC is doing well because the local economy is outperforming most of the rest of the country, but that’s not necessarily the case for all of Evening Post’s properties. “This is an unfortunate sign of the times,” Aiken Standard Publisher Scott Hunter told E&P. “Our newspaper remains strong and profitable, but our parent company, Evening Post Publishing, recognizes the nation’s economic conditions and is prudently avoiding future financial concerns.”
NOLA Bowl ready prints
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Tuesday, December 10, 2013:
For the first time in at least five years, retired teachers, state workers and school system employees could see an increase in their pension checks.
Lawmakers and Gov. Bobby Jindal's administration shared a collective sigh of relief with the news that Louisiana's tax amnesty program brought in the $200 million that they used to help balance this year's budget.
Drew Brees often makes the extraordinary look routine, particularly during night games in the Superdome.
The Cane Fire Film Series will be screening The Savoy King, a feature documentary on Swing-era drummer-bandleader Chick Webb, Ella Fitzgerald, and Harlems Savoy Ballroom.
The teams were extended invitations Sunday for the New Year's Day matchup played at Raymond James Stadium, home of the NFL's Tampa Bay Buccaneers.
Outfit Of The Game looks at jewelry
Holiday party with style
Funds will expand Early College Academy from 250 to 1,000 students
Let ’em know and you could win a $250 night out.
Paul’s customer giveaway named
Some of the many events taking place this weekend include The Festival of Light and the Fire & Water Festival.
Appropriate for the season of giving, exhibit features behind-the-scenes images of beloved icon.
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by 12 this week to 1,775.
The state labor department figures released Friday show the initial claims decreased to 1,850 from the previous week's total of 2,854. For the comparable week a year earlier, there were 4,048.
If all 44 projects are approved, about $300 million would remain in the fund set up as a down payment to help the Gulf.
Last week, the Saints gave up 429 yards to Seattle, second most in a game this season.
kiki hosting designer’s latest
Laid back cuts for the NOLA Bowl