Something is Off Here...
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Many Nexstar employees that are under contract tell FTVLIve that when their contracts have come up, they are being offered anything from a pay cut to up to a 2% raise.
In 2016, Perry Sook made a salary of $1,516,732. In 2017 that salary jumped by +1,173.5% to a total of $19,318,510.
So while Nexstar is offering their employees a 1 or 2% pay raise, Uncle Perry is getting over 1000% raise.
And no one at the company sees a problem with that?
Nexstar isn't the only place that is out of whack when it comes to raises. If you work at a CBS O&O, then you know what you are offered when your contract comes up. Most of the time you are offered no increase in your new deal and you're lucky if you are not told you need to take a pay cut.
But, it should be pointed out that CBS CEO Les Moonves also took a chop in pay from 2016 to 2017.
In 2016, Moonves was paid $69.6 million dollars. In 2017, Moonves pay was cut all the way down to $69.3 million bucks.
My God! How is he expected to live on that?
TV news as a whole needs to look at the salaries that they are paying their people. It has gone on too long for Journalists in television to be asked to work without being fairly compensated. Over the years, the TV industry has seen a large brain drain as the smarter and qualified people look at careers outside of TV news.
Companies need to start paying their people better and quit crying poor. If a company says they just don't have the money to pay their people better, we have a good place to find some extra cash.
Start right at the top of the food chain.
Just saying....
