Hearst paid bonus to staff during COVID-19 crisis
Hearst Communications, often referred to simply as Hearst, is a mass media and business information conglomerate based in the Hearst Tower in New York. The company informed publishers and editors in a conference call that the company is giving a 1 percent bonus to all employees, waiving the budget targets that determine executive bonuses. In addition, the company is taking out six-figure TV ad buys in some markets to promote the papers and their COVOID-19 coverage. Hearst’s 24 dailies include the San Francisco Chronicle, Houston Chronicle, San Antonio Express-News, Times Union of Albany, New York, among others.