Vermont Public Radio is cutting executive pay 7.5 percent and the other 43 full-time employees’ salaries will be cut 2 percent, due to a sharp decline in business underwriting, according to the Times Argus in Barre, Vt. The station was originally expecting $2.1 million in revenue for the fiscal year that began Oct. 1, but has revised that projection to $1.5 million. So far this fiscal year the station has received $544,245 in underwriting revenue. VPR has nine full-power stations around Vermont. Underwriting support is also down at nearby New Hampshire Public Radio, although no cuts are planned.