Original Report 6/8: A round of position cuts is underway at iHeartMedia this week. iHeartRadio - Wikipedia Thats the saddest part., A daily briefing on what matters in the music industry. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. Ive heard there are as many as 850 people without jobs today from iHeartMedia. , I heard there are going to be more [cuts] coming all week, adds the other former employee. DJs blame the executives. All Rights Reserved. GET FOX BUSINESS ON THE GO BY CLICKING HERE. iHeart Media buys L.A.'s Triton Digital from Scripps for $230 million. Sources tell us that revenue projections for the rest of the year are trending downward, which is leading to this round of cutbacks at iHearts local station operations as the company sets their budgets for the rest of the year. According to Edison, 35 percent of respondents said that they have listened to an audiobook in the past year, up from 28 percent in 2022. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. iheart layoffs 2021southwest cargo phone number. It is unclear whether the decision to leave that spot was her own. Chicago: Spreaker, which was previously only available to paid customers through plans ranging from $8 to $250 per month, now offers a free basic tier. [The total number] is definitely in the hundreds. He suspects its the biggest reduction in force since the one they did in 2009 [when iHeartMedia, then known as Clear Channel, laid off more than 2,000 employees]. Jerry Del Colliano, a veteran of the airwaves and professor in the Music Business Program at NYU Steinhardt who writes frequently about the troubles of radio, believes the number of layoffs will top 1,000. All Rights reserved. Syracuse, Rochester radio DJ 'Mayor' Pete Kennedy out after iHeartMedia As the company stated in Thursday's annual earnings. Wednesday, June 29, 2022. More people who have gone public with their departure have been added to the list below. Management is alright. These include Country WBWL (101.7 The Bull)/Boston PD and National Programming Team member Lance Houston, CHR WKSC (103.5 Kiss FM)/Chicago night host Jordan Foster and Hip-Hop WBPT (95.7 The Beat)/Tampa PD Mychal Maguire after seven years. In other words, expect to struggle financially, unless you can manage to build income outside of the company. We heard a lot of different rumors, including talk about automating certain markets depending on the revenue [they generated].. Have a great weekend! Sources tells us the RIF will be hitting programming, on-air, , https://www.rollingstone.com/pro/features/iheartmedia-mass-layoffs-937513/, Jan 15, 2020 iHeartMedia laid off a number of employees this week. ET: iHeartMedia issued a statement to Billboard saying, Our goal is to provide our listeners with the best listening experience they can find anywhere including improved locally-focused programming. Bart Shore departs as a traffic reporter for Total Traffic & Weather Network and weekend host at AC 93.9 Lite-FM WLIT. The largest radio conglomerate in the country, iHeartMedia , , https://www.washingtonpost.com/technology/2020/01/31/iheartmedia-radio-artificial-intelligence-djs/, Jan 31, 2020 iHeartRadio spokeswoman Wendy Goldberg declined to make executives available for comment or provide a total layoff count, saying only that the , Layoffs at iHeartMedia drive out ace traffic reporter Bart Shore, Jun 9, 2022 Shores departure coincided with a wave of layoffs this week at iHeartMedia radio stations nationwide. The changes we made are designed to do that; we are using our resources and technology to better serve our listeners, including providing even more content and programming to our local communities.), iHeartMedias layoffs of hundreds of employees this week in a self-described move to modernize the company most likely means two things: A shift in emphasis from AM-FM airwaves to apps, streaming and podcasts; and an increase in centralized, syndicated programming rather than live, local DJs. The moves came as Department of Justice officials have been considering whether to block Liberty Medias plans to buy iHeart, The New York Post reported. Amazon Pauses Construction On 2nd Headquarters In Virginia Iheartmedia Layoffs - GoLayoffs This site is protected by reCAPTCHA Enterprise and the Google. At iHeartMedia, Inc., we promise to treat your data with respect and will not share your information with any third party. Financial Highlights: Q4 2021 Consolidated Results Q4 Revenue of $1,062 million up 14% YoY; exceeding prior guidance of up approximately 10% Excluding the impact of Political, Q4 revenue was up 25% YoY Q4 2021 Consolidated Revenue up 3.5% vs. Q4 2019 GAAP Operating income of $123 . and help keep the future of Westword, Use of this website constitutes acceptance of our. Apr 2021 - Present 2 years. Executives blame AI. . I would say if you're going to get an offer, please negotiate this hard. Glassdoor has 2,430 iHeartMedia reviews submitted anonymously by iHeartMedia employees. Now layoffs were inevitable because of lost profits. You may get shitstorms on social media. Another Round Of iHeartMedia Job Cuts Is Underway - All Access iHeartMedia is in the midst of another road of layoffs. Some company like Iheart can come along and buy up companies using a ton of debt. radioinsight.com iHeartMedia, Inc. - Financials - Annual Reports Broad knowledge of local, national and international affairs (e.g. From the money earned through that tool, Spreaker takes a 40 percent cut. The layoffs come as Rolling Stone reported Tuesday iHeartMedia's two contemporary-hit radio stations in the top two markets (New York and Los Angeles) refused to play songs from Korean boy band BTS and Lil Nas X despite their successful chart runs because the songs were - and I'm paraphrasing here - "not white enough", harking back to the Its not cause they dont want to theyre told not to. iHeartMedia, Inc. . The layoffs across the country at iHeartMedia are still ongoing. iHeartMedia, which controls more than 800 radio stations and paid its CEO more than $14 million in 2017, declined to comment on the specific number of layoffs. After 3+ years with Beasley Media Group Fayetteville, NC, Gunner Jacksonexits his dual role of Brand Manager for Adult, NPR CEO John Lansing announced the network would lay off roughly 10% of its current workforce at least, After 14 months as General Manager of Starnes Media Group News-Talk KWAM-AM/Memphis, Kevin Crash Davis is now a free, Daniel Ek, Founder/CEO of Sweden-based streaming giant Spotify announced extensive organizational restructuring that includes the layoff of 6% of, RAMP has confirmed that Riley Couture has exited as co-host of Your Morning Show, which is carried on iHeartMedia Top, Audacy Mainstream Rock KRXQ (98 Rock)/Sacramento has parted ways with afternoon guys Stroke Mastroand Mikey Muscatello, hosts of That, The Beasley cuts continue the latest major market downsizing has hit Paul Jaxon, afternoon talent at WMMR/Philadelphia for. Our website provides local and national news, radio show podcasts, contests, local weather, events and concerts. iHeartMedia Cuts Continue - RadioInsight iheart layoffs 2021. Pros & Cons are excerpts from user reviews. Lance Venta is Owner and Publisher of RadioInsight.com. They do not offer fair pay wages that are conducive to the talent or the market. In turn, it is drastically cutting smaller stations while feeding content from the bigger markets into iHeartRadio, which has 128 million users, and other digital apps. Tampa An iHeart spokesperson didnt specify the number of jobs that were eliminated, but told FOX Business that the number is relatively small because of the company'semployee base of 12,500. KJMS/WDIA Memphis personality Earle Augustus noted that he was released this morning indicating that the company is not yet done with its current round of staff reductions. In 2017, the FCC succeeded in getting rid of the main studio rule, meaning that stations were no longer required to maintain a studio or any staff near the location of their broadcast license. You will be overworked and take on so many extra responsibilities with no pay and management is awful. The company didnt mention the layoffs associated with the reorganization, but Billboard reported Tuesday that one staffer described it as a bloodbath. RadioInsight compiled a list of dozens of iHeartMedia employees who lost their jobs in the corporate reshuffling, including on-air talent, producers and management at stations across the country. Ive heard there are as many as 850 people without jobs today from iHeartMedia. I heard there are going to be more [cuts] coming all week, adds the other former employee. Each site continues to compile ongoing lists. iHeartMedia Initiates Another Round of Staff Layoffs RADIO ONLINE | Thursday, June 9, 2022 iHeartMedia has begun another round of layoffs after the company's revenue projections for the rest of 2022 are reportedly trending downward. Shore previously spent seventeen years as a traffic reporter for News 780 WBBM and earlier in his career programmed KRNA Iowa City. His departure comes less than a month after podcasting head Dawn Ostroff announced she was leaving. Nov 2016 - Aug 2021 4 years 10 months. Market data provided byFactset. To take all the local DJs off the radio in the Number One station, that says a lot, Ledyard notes. Any smaller to medium market in the country lost, in all likelihood, most, if not all, of their on-air staff, the former on-air personality says. iHeart Job Cuts Affect Two Minneapolis Morning Hosts All rights reserved. Theres no such thing as a music director., On-air talent was supposed to be the one thing that [iHeartMedia] offered that was unique, he continues. Can I Be Laid Off While On Workers Compensation? Fans can tune in to watch the 2021 iHeartRadio Music Festival both nights on September 17th and 18th via an exclusive livestream on The CW App and CWTV.com. JRDN joined Kiss-FM in 2015 and was promoted from overnights and fill-ins to evening host in October 2019. Copyright 2023 Penske Business Media, LLC. iHeartMedia was able to wipe away much of its local presence thanks to a recent decision made by the Federal Communications Commission. As per Layoffs.fyi, a website that tracks layoffs in the tech sector, over 37,000 employees were made redundant at 467 startups globally in the second quarter of 2022, compared to less than 3,000 . Amanda McGraw Burd exits as Program Director/afternoon host at Country 102.7 The Wolf KHGE Fresno and Program Director of Alternative 106.1 KRAB Bakersfield, Country 92.9 The Big Dog KOSO Modesto, and 107.1 The Bull K296GB Sacramento. iHeartMedia - Wikipedia By continuing to use this website you are giving consent to cookies being used. Tim Moore is out as SVP/Programming for the companys Manchester and Portsmouth NH clusters. YouTube More information is surfacing about iHeartRadio layoffs in. June 22, 2022 our management team has found ways to reduce our company's expenses without resorting to permanent layoffs. Now, it appears that Sarah van Mosel is no longer the executive vice president of the iHeart Audience Network after less than a year in the post. The label source suggests iHeart is trying to move into the Spotify and Pandora side, by structuring its business more like a digital or streaming service than a traditional radio station. AJR's Visit at 96.5 TDY's Artist Lounge. Liberty, which owns SiriusXM satellite radio, also has a 4.8 percent stake in iHeart. January 17, 2020. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. iHeart cuts engineers | RadioDiscussions According to reviews on Glassdoor, employees commonly mention the pros of working at iHeartMedia to be workplace, coworkers and the cons to be senior leadership, benefits, career development. The Atlanta based Houston was also a member of the National Programming Team and had previously programmed WPOC Baltimore and WEBG Chicago and had a previous six year stint programming WBWL and two tenures on-air at WUBL Atlanta during his fifteen year run with the company. F ollowing the recent abrupt departure of The Hollywood Reporter's now former editorial director Matthew Belloni last week, umbrella company Valence Media has, today, let go of a substantial number of its workforce. The layoffs seemed to particularly anger listeners of the Des Moines, Iowa sports station KXNO. iHeartRadio music radio, part of the iHeartMedia company, at the company's local headquarters in the South of Market (SoMa) neighborhood of San Francisco on Oct. 13, 2017. iHeartMedia Cuts Continue by Lance Venta June 22, 2022 0 The layoffs across the country at iHeartMedia are still ongoing. iHeartMedia's layoffs of hundreds of employees this week in a self-described move to modernize the company most likely means two things: A shift in emphasis from AM-FM airwaves to apps,. iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. Program directors at almost every company barely choose the music anymore, he says. Austin joined KSD-FM in December 2018 after previously serving as VP/Programming for Clear Channel Jacksonville and programming WCOL Columbus OH and WQIK Jacksonville. iheartmedia layoffs 2021 - WOW.com - Content Results I suspect they will both win, one way or another, he says. 2019 Annual Report PDF Format Download PDF 1.19 MB. political, economic, legislative and cultural) Lo 30 Hi 44. The Anniston Star had one layoff, one early retirement and one employee stepped down. How Should RTD Deal With the Drug Problem on Trains? Newstalk 610 CKTB is an iHeartRadio station. iHeartMedia Aims to Save $200 Million Via Pay Cuts, Furloughs - Variety No bonus or stock options. iHeartMedia's layoffs of hundreds of employees this week in a self-described move to modernize the company most likely means two things: A shift in emphasis from AM-FM airwaves to apps, streaming and, (Updated at 2 p.m. Jordan JRDN Foster is out as night host at CHR 103.5 Kiss-FM WKSC. Mychal Maguire exits the PD post at Hip Hop WBTP (95.7 The Beat). Head of iHeart Audience Network is out as podcast revenues slow. Youve gotten to the point where theres no such thing as a disc jockey. Before joining KBCO in 1997, Hart worked at multiple stations in Colorado Springs and Portland OR. He did not specify what that would entail, but I will be curious to see who takes van Mosels spot and how iHeart will shift its strategy to regain that growth. [The total number] is definitely in the hundreds. He suspects its the biggest reduction in force since the one, iHeartMedia, which controls more than 800 radio stations and. Proven work experience as a news anchor Gayle Troberman, Executive Vice President and Chief Marketing Officer for iHeartMedia. As far as the music stations go, theres not a single local talent [left]. I dont know how sustainable that is, this source says. Audiobooks (thats right, ya girl is not gonna miss an opportunity to talk audiobooks). Since the layoffs, they've been inundated with messages . Spokespeople for iHeart and Townsquare wouldnt comment, but Borrell believes iHeart is expanding its focus to sell advertising nationally, while Townsquare remains locked in on local advertisers in each of its markets. tides equities los angeles . IHeartMedia emerged from bankruptcy last year after seeking protection to reduce its debt by more than $10 billion in 2018. This rating has been stable over the past 12 months. Maguire previously served as SVP/Programming for iHeart Montgomery AL, Director of Urban Programming in Maco and PD of WPHH Hartford for the company. Could iHeart layoffs be the beginning of local radio's endgame? . IHeart is the rare example of a major media company that has made the successful transformation into a 21st century media company one with unparalleled scale, reaching 91 percent of Americans each month with our broadcast assets alone, more than any other media company," Pittman said. Moore joined the company in 2012 as Program Director for their Portsmouth stations and rose to his now former role in 2015. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. Listeners expressed their outrage on Twitter after learning that some of their favorite radio personalities had been let go. It opened with chest-puffing (we are the #1 audio company in America) and then slathered on numbing layers of business jargon (new institutions include the Integrated Revenue Strategies Group and Excellence Centers). Additionally, Country WQIK/Jacksonville, FL morning co-host Toni Foxx (Robbie, John & Toni In The Morning) exits the station after 19 years, while New Hampshire VP/Programming Tim Moore departs after serving as PD of Active Rock WHEB, CHR WERZ (Z107), Country WTBU (95.3 The Bull), News/Talk WQSO (Newsradio 96.7) and Sports WPKX-AM after almost 10 years. By Beat the Press Staff. Entercom, iHeartMedia announce layoffs and furloughs Say what you want about iHeart, but theyre making some pretty smart and strategic decisions to stay afloat and morph in whats becoming a difficult media environment.This weeks layoffs, part of what former employees have called a a bloodbath cut deeply into iHeart radio stations around the U.S., particularly those in mid-major markets such as Pittsburgh and Asheville, North Carolina, The deep and unexpected cuts have shocked record labels radio-promotions departments, who have lost many of their long-standing relationships. Thu. Cannes Lions International Festival . Late last Friday, word began rapidly circulating about numerous high profile personnel cuts within Beasleys on-air and programming ranks. iheart layoffs 2021 - kestonrocks.com This rating has improved by 3% over the last 12 months. Cumulus Just Screwed Itself . Daryl Ledyard worked for more than a decade at WBBS, a country outlet, which he says was Number One in the Syracuse, New York, area year after year for two decades. Head of iHeart Audience Network is out as podcast revenues slow. He was also the station's Sr. Vice President of Programming. Every Tuesday receive analysis, insights, and commentary on the growing podcast industry. We are told the cuts are going to be made over a multiple day period, much like the companys last round of layoffs in the fall of 2020. In March, Pittman surrendered his remaining 2020 salary and senior management took pay cuts between 30-70 percent. The morning show on Radio 95.1, however, has been . Today's $200 million plan comes after the company announced $50 million in savings early . Audacy Check In: Rita Ora on the making of 'You Only Love Me' and the return of 'happy music'. Annual layoffs and discharges fell notably, from 40.8 million in 2020 to 17.0 million in 2021, for a decrease of 58.3 percent. The cuts were made shortly before iHeart disclosed 2022 earnings, in which they reported 42 percent growth in podcast revenue over the course of the year. Jess Aleshire exits as Regional Production Director for Minot, Bismarck & Dickinson ND and midday host on Rock 105.3 The Fox KZPR Minot. iHeartMedia to Buy Triton Digital From E.W. Scripps for $230 - Variety The 2021 iHeartRadio Music Awards are returning on May 27th, and the nominees for this year's show have officially been revealed. So far we have heard of dismissals from programming, on-air, and digital departments across the country. Every couple of years with iHeart or Clear Channel, there were cuts cutting DJs, adding more syndication., Its so clear that deregulation has resulted in these big guys like iHeart running as lean as possible, Gonzlez says. Bob and Rich don't seem to care either, they send out emails singing the praises of the company and "how well we're doing", then why have we been denied raises or even cost of living increases for over a decade???? Toni Foxx exits The Big Show in mornings at Country WQIK (99.1 WQIK). DJ Bee departs as midday host at Classic Hip Hop 92.1 The Beat WHBT-FM and afternoon host and mixer at Hip Hop 103 Jamz WOWI after 25 years. "People are concerned," says a source at an iHeart station. Lots of opportunities and growth, of course, all depending on which team. Our nine division presidents bring a complementary portfolio of knowledge, leadership and diverse functional expertise that will position us well as we continue to transform and modernize as the leader in the audio space..
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