Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

NPR Loses $20 Million In Corporate Sponsorships, Implements Hiring Freeze

by December 3, 2022
December 3, 2022
NPR Loses $20 Million In Corporate Sponsorships, Implements Hiring Freeze

The left-wing media is hurting.

NPR has announced a hiring freeze so that they can avoid layoffs. NPR is going to need to cut at least $10 million in spending NPR chief executive Jon Lansing announced.

A $10 million cut would get them back to a $5.2 million deficit for the year.

NPR reported:

NPR will need to cut at least $10 million from the current fiscal year ending next Sept. 30, the network’s chief executive, John Lansing, announced Wednesday, due to a sharp drop in revenue from sponsors.

Lansing told staffers in a memo that he intended to avoid layoffs, but would be forced to severely curtail hiring, amounting to what he described as “close to a total hiring freeze.” The network will also sharply cut back discretionary spending and non-essential travel. The $10 million cut constitutes approximately 3% of NPR’s current annual budget.

“As we did during the pandemic, we are prioritizing our staff and not anticipating layoffs at this time,” Lansing wrote. Yet he noted that he recognized the strain that a near-freeze on hiring would put on NPR’s current journalists and their non-newsroom colleagues.

“It means we won’t have the skills and support of the people who would have been in the roles that must remain vacant,” Lansing wrote. “For those working long and stressful hours, that is not good news. But it is a reality we can’t avoid if we are to save jobs.”

NPR expects to have lost at least $20 million in corporate sponsorships.

The network had expected these sponsorships to be their biggest source of revenue. It was expected to be 42% of NPR’s total income.

Current.org reported:

NPR’s budget adopted in September anticipated a negligible year-over-year decline in corporate sponsorship revenue. But citing “overall weakness in the advertising industry,” Lansing said the organization now expects a $20 million shortfall in sponsorship revenue for fiscal year 2023. That’s about 15% less than budgeted and about 6% of total projected revenue.

“You have seen the headlines about drastic steps being taken by many commercial media companies to shore up their revenues in the face of a global economic contraction,” Lansing wrote. “Unfortunately, NPR and NPR Member stations are experiencing the effects of those economic challenges as well.”

…

The network expected corporate sponsorship to be its largest source of revenue this fiscal year, accounting for nearly 42% of income. It budgeted station fees, the next-largest source, to account for about 30% of total revenue.

Is NPR’s bias finally losing them money?

For the antidote to media bias, check out ProTrumpNews.com…

The post NPR Loses $20 Million In Corporate Sponsorships, Implements Hiring Freeze appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Mississippi Golfer Bites Off Man’s Nose in Fight Over Game – Nose Still Hasn’t Been Found
next post
Disney Sets Date to Close ‘Splash Mountain’ Ride for ‘Racial Stereotypes,’ Will Get ‘Princess and the Frog’ Make Over

You may also like

Where Trump’s Cabinet nominees stand in Senate confirmation...

January 30, 2025

Vance congratulates Miller on new Trump administration position

November 11, 2024

Tulsi Gabbard Leaves The Democrat Party — “Elitist...

October 11, 2022

What is the Electoral College? How does it...

November 3, 2024

Climate activist Greta Thunberg latest world leader to...

July 1, 2023

Israel-Hamas war: Biden to visit Israel on Wednesday...

October 17, 2023

White House considers accepting some Palestinians from Gaza...

May 1, 2024

Elon Musk’s New Far-left Twitter Moderation Council Draws...

November 2, 2022

Soaring popularity of Vance’s ‘Hillbilly Elegy’ rebuts narrative...

August 1, 2024

Grant Stinchfield Launches New Podcast – First Episode...

October 10, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump wins over lifelong Democrat autoworker with ‘big, beautiful bill’ vehicle loan tax benefit

      June 27, 2025
    • EXCLUSIVE: Trump admin takes action after massive fraud uncovered at agency Dems tried to protect from DOGE

      June 26, 2025
    • FBI investigating Iran strike leaker, Leavitt says: ‘They should be held accountable’

      June 26, 2025
    • SMCI Stock Surges: How to Invest Wisely Now

      June 26, 2025
    • NEW! 5 Significant Additions to Our Professionally-Curated Market Summary Dashboard

      June 26, 2025
    • ‘Presidential incapacity’: Senate Republican seeks paper trail of Biden’s autopen use

      June 26, 2025

    Categories

    • Business (8,316)
    • Investing (2,074)
    • Politics (15,824)
    • Stocks (3,172)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved