Carnegie Hall Announces Spending Cuts
January 23, 2009
Carnegie Hall announced it would reduce the number of its events next season by about 10 percent because of a decline in its endowment and donations, reports The New York Times.
Clive Gillinson, the organization’s president, said that he had cut costs by about $4-million this season to bring the budget to $76-million and keep it balanced. The cuts included canceling projects that have not been announced, instituting a hiring freeze, and ending the practice of giving dinners for the Met Orchestra and the Vienna Philharmonic, reports the newspaper.
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