Available to work on a flexible schedule 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. Ability to work under stressful conditions and strict deadlines 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. 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. Were the ones that have to pay., Now that a single Spotify playlist might command more than 25 million followers, giving it the power to create a global hit before lunchtime, the concept of a local radio station intent on serving a local community seems increasingly quaint. January 17, 2020. Joey Morona, cleveland.com CLEVELAND, Ohio -- Cleveland radio has been impacted once again by layoffs at iHeartMedia. Paying more for less/worse content drove even more readers away. Original Report 6/8: A round of position cuts is underway at iHeartMedia this week. He previously spent 15 years as PD of Sports 104.3 The Fan and predecessor 950 KKFN from 1995 to 2005 and Operations Manager at Front Range Sports Network from 2010 to 2014. Proven work experience as a news anchor iHeart owns more than a dozen stations in the Cleveland-Akron-Canton market. As in previous years, that rate was a good chunk higher amongst men than women 46 percent of men reported listening to a podcast in the last month, compared to 39 percent of women. Copyright 2022 RadioInsight / RadioBB Networks. Augustus joined the company after a long run at Cumulus 103.5 WRBO where he served as APD and evening host and then Program Director from 2005 to 2018. To illustrate iHearts new approach, Borrell says he was earlier streaming a Philadelphia rock station on an Amazon device while working in Virginia. Foster was also corporate News/Talk Brand Coordinator. Gordan Dillard Named CMG EVP/A&R & Artist Dev Cumulus Promotes Three at Syracuse Cluster, Gordan Dillard Named CMG EVP/A&R & Artist Development, iHeartMedia Detroit Names Colleen Grant Metro President, Editors Circle: Deanes List September 16, 2022. The layoffs across the country at iHeartMedia are still ongoing. NEW YORK (AP) Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company's history and shifting landscape of remote work. Head of iHeart Audience Network is out as podcast revenues slow. The stock price for iHeart, which has been the subject of recent takeover speculation from cable giant and SiriusXM satellite-radio parent Liberty Media Corp., has jumped from roughly $17 to $18 since the layoffs went public earlier this week. Normal Gossip lands at Radiotopia and Spotify ditches the heart button. CEO Bob Pittman said Q4 was iHeart's best quarter for revenue and adjusted earnings in company history. The special event will highlight influential female artists in music through in-depth interviews with Gloria Estefan, Lainey Wilson, Latto, and more with words of wisdom about equality, inspiring confidence, and career building. By continuing to use this website you are giving consent to cookies being used. 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 . Others will say, Hey, we cant operate in this world with a program director. , In fact, iHeartMedias move gives other radio chains cover if they want to pursue the same strategy. As iHeartMedia ( IHRT) shuffles in what it calls a "new organizational structure," the company has reportedly laid off dozens of employees across the country, including some prominent DJs. I suspect they will both win, one way or another, he says. We have heard of many in production roles in particular that were let go including a few who held regional or national duties on the commercial production side and on the local digital content teams. But the actual playlists will be handled on a corporate level., This centralized, digital-focused approach is in contrast with iHearts broadcast competitors, including Townsquare Media, whose 320-plus stations emphasize regional personalities and shows about, for example, the best local pizza in Rockford, Illinois. We are thrilled to partner with SeeHer for the third year in a row on International Womens Day to produce a special that not only shares the incredible, eye opening stories of leading women in the music industry, but will also inspire other women to take that leap and pursue a career they are passionate about." Its an exciting time at iHeart as we launch our new markets group structure to capitalize on our unparalleled reach and groundbreaking technology to create one-of-a-kind platforms and services for our employees, partners and listeners, Greg Ashlock, president of iHeartMedias markets group, said in a press release. 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. Audacy Check In: Rita Ora on the making of 'You Only Love Me' and the return of 'happy music'. Lo 34 Hi . Courtesy of iheartmedia . Mychal Maguire exits the PD post at Hip Hop WBTP (95.7 The Beat). Its dominated by massive corporate structures, and the communities that we need to service get lost in the shuffle between the giants., Rampant consolidation inherently homogenizes viewpoints and music played across the country, added Rachel Stilwell, a music attorney who was part of a recent coalition that aimed to, The Culling Has Begun: Inside the iHeartMedia Layoffs, Russ Doesnt Trust Other Labels. CEO Bob Pittman said in a press release Tuesday that iHeartMedias move will allow the company to modernize its operations and infrastructure. IHeartMedia also named nine senior executives on Wednesday who will serve as division presidents under the new organizational system. This company will NEVER give you a raise or cost of living increase. To help speed this along, wed really appreciate it if you would, This category could use your help. Recession Plans at the Big 3 Radio Groups. iHeart swung to a $159 million second-quarter operating loss from a $182 million operating income in the same period of 2019, and revenue declined by 47%. iHeart Cuts Exec Salaries, Furloughs Employees March 30, 2020 March 31, 2020 kevincarter iHeartMedia . This rating reflects the overall rating of iHeartMedia and is not affected by filters. Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. One employee who lost a job Tuesday said the station cut just about all the on-air talent except for the morning show. While layoffs have been dominating news cycles lately, Workday is moving in the opposite direction. I would say if you're going to get an offer, please negotiate this hard. (See table 7.) Also out is Total Traffic And Weather/Chicago traffic reporter Bart Shore. Powered by Vipology, on JVs Family, Colleagues Facing Hard Reality, on Bardin Joins WMG As Pres. Now, the company has explained why those. Reactions: im4cyclones , beentherebefore and Doc 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.. Lance Venta is Owner and Publisher of RadioInsight.com. They are not authored by Glassdoor. iHeartMedia announced to investors today a plan to cut up to $250 million from its expenses for 2020. Sure, you can market digitally, you can market online, you can run an ad and it shows up on Facebook. Mutual Fund and ETF data provided byRefinitiv Lipper. 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. So He Built His Own, A Breath of Fresh Air: How Giveon Became R&Bs King of Warmth, It Started as a College Project. 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. Audacy & iHeart Playing Dirty with Ad Rates . You may get shitstorms on social media. June 22, 2022 AJR's Visit at 96.5 TDY's Artist Lounge. Ill see you Tuesday. Cool industry with concerts, radio, events, etc. Great work life balance, caring bosses, learning a lot, wonderful work family, work from home. The nation's largest owner of radio stations began notifying affected. 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 . 6:28AM. Youre simply taking content that someone has already produced and pushing it out someplace else on another channel theres a lot more money in that, says Gordon Borrell, CEO of broadcast-analyst firm Borrell Associates. iHeartMedia, Inc. . New York, N.Y. - June 16, 2021 - iHeartMedia today announced the lineup for the 2021 iHeartRadio Music Festival, the annual legendary concert event on Friday, Sept. 17 and Saturday, Sept. 18 at Las Vegas' hottest entertainment venue, T-Mobile Arena, and its Daytime Stage at the iHeartRadio Music Festival on Saturday, Sept. 18 at the new . As far as the music stations go, theres not a single local talent [left]. Send us a tip using our anonymous form. Ive seen this coming, agrees DJ Sab, who lost his radio role in Cincinnati. Dozens of popular radio personalities across the U.S. were laid off as station owner iHeartMedia announced a major reorganization this week. Boston: You may become a public figure. A national round of job cuts at iHeartMedia appears to have reached just about every one of the company's markets in the Upper Midwest, with at least two dozen cuts in the region reported on lists compiled by RadioInsight and All Access. For other iHeartMedia employees, the first sign of trouble came early Tuesday morning, when the company sent employees an email announcing a new organizational structure. The memo, obtained by Rolling Stone, seemed plucked partly from a corporate-culture parody like Office Space.
