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. 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. 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. All rights reserved. iHeartMedia Announces Nominees For The 2023 iHeartPodcast Awards Streaming March 14 Luke Bryan, Kane Brown, Sam Hunt, Elle King, Parker McCollum, Justin Moore, Jordan Davis, Mitchell Tenpenny, and More Lead Lineup for the 2023 "iHeartCountry Festival Presented by Capital One" Were a little short on data, but you can help. 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. Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. Last week, the company laid off at least 10 people in the podcast division, including a handful of hosts and executive producers. Reports: iHeartMedia Makes Cuts to Engineering Staff https://www.radioworld.com/news-and-business/headlines/reports-iheartmedia-makes-cuts-to-engineering-staff Mar 3, 2021 Its modernization initiative has resulted in layoffs in programming, sales and engineering, according to those familiar with the developments. What they do give you is more and more work as they love to fire people and not fill those positions, they just spread the work around to the remaining miserable shlubs. Consolidation has been ongoing throughout the industry, he says, but I dont think people [at other radio companies] see this as an excuse to push the button.. That said, we recognize that the loss of any job is significant; we take that responsibility seriously and have been thoughtful in the process, the spokesperson said. They are not authored by Glassdoor. Comfortable yet professional presence on camera 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. 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. Also cut Wednesday was Jordan JRDN , https://www.radioworld.com/news-and-business/headlines/reports-iheartmedia-makes-cuts-to-engineering-staff. 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." It was founded in August 2008. The Seattle-based company is delaying the beginning of construction of PenPlace, the . Boston, MA Weather. No career growth No bonus No annual raises, you will not receive a raise in this position, EVER OT opportunities are taken away or limited Poor management Toxic work environment Upper management will throw you under the bus to make themselves look better You are treated like a number & they make it known There's no career growth bc they want this position to be high turnover so they do not have to give out raises no matter how long you've worked there or how successful you are in your position, I worked here for over 2 years.. Good luck taking a vacation, you'll be expected to schedule content weeks before your trip in order for your accounts to be covered.. essentially work OT without pay so that content is constantly posted. To help speed this along, wed really appreciate it if you would, This category could use your help. Feb 17, 2021 10:10am PT iHeartMedia to Acquire Audio Ad-Tech Firm Triton Digital From Scripps for $230 Million By Todd Spangler Triton Digital As E.W. DJs blame the executives. one of the worst days in on-air radio history. The layoffs were concentrated in small and medium markets, where staffs had already been reduced, striking another major blow to local radio. Thats the saddest part., A daily briefing on what matters in the music industry. ALLACCESS.COM Please enter your username or email address to reset your password. Shore previously spent seventeen years as a traffic reporter for News 780 WBBM and earlier in his career programmed KRNA Iowa City. (adsbygoogle = window.adsbygoogle || []).push({}); Radio news and headlines delivered right to your e-mail box -- and it's free. Theyll still be able to suggest songs. Having problems? There was a very urgent, emergency meeting called in New York City for market presidents and higher-level local management, says one former iHeartMedia employee who spoke on the condition of anonymity so as not to jeopardize a severance package. independent local journalism in Denver. Before joining KBCO in 1997, Hart worked at multiple stations in Colorado Springs and Portland OR. Join the Westword community and help support Boston's source for local news. I heard theyre gonna go with their national music logs across the board. I think the majority of these stations will be centrally programmed, agrees the other former employee. By Beat the Press Staff. Strict deadlines are a problem. Become a member to support the independent voice of Denver 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. I got a lil iHeart scoop for you guys to start the weekend, plus some positive findings from the latest Infinite Dial report. The annual level of other separations rose, from 4.1 million in 2020 to 4.2 million in 2021, for an increase of 2.3 percent. 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). But it also means that there are fewer local DJs talking about local things that matter deeply to their own communities., With iHeartMedia taking this step to further hollow out its local presence, its easy to imagine that other big radio chains like Cumulus, Entercom, or Townsquare Media will do the same. Our website provides local and national news, radio show podcasts, contests, local weather, events and concerts. 2021 Annual Report PDF Format Download PDF 1.25 MB. Chicago: Jordan 'JRDN' Foster exits as night host at CHR WKSC (103.5 Kiss FM). 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 . 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 . Bart Shore departs as a traffic reporter for Total Traffic & Weather Network and weekend host at AC 93.9 Lite-FM WLIT. Apr 2021 - Present 2 years. The 100 Greatest TV Shows of All Time https://www.democratandchronicle.com/story/news/2022/06/17/pete-kennedy-the-mayor-rochester-ny-radio-host-among-those-let-go-iheartmedia-cuts/7657086001/. Each site continues to compile ongoing lists. 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%. Nov 2016 - Aug 2021 4 years 10 months. iHeartMedia Cuts Continue by Lance Venta June 22, 2022 0 The layoffs across the country at iHeartMedia are still ongoing. Robbyn Hart as seen on her KBCO bio page. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. Joey Morona, cleveland.com CLEVELAND, Ohio -- Cleveland radio has been impacted once again by layoffs at iHeartMedia. The layoffs seemed to particularly anger listeners of the Des Moines, Iowa sports station KXNO. Mychal Maguire exits the PD post at Hip Hop WBTP (95.7 The Beat). (Washington Post) When iHeartMedia announced this month it would fire hundreds of workers across the country, the radio conglomerate said the restructuring was critical to take advantage of its "significant investments in technology and artificial intelligence." That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. 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. audiobooks are the next big-revenue vertical. The largest radio company in America cut a number of employees this week, dealing a blow to local radio across the country "The largest radio conglomerate in the country, iHeartMedia, initiated a round of mass layoffs this week, cutting enough people that one former on-air host described Tuesday as "one of the worst days in on-air radio history." The Anniston Star had one layoff, one early retirement and one employee stepped down. While only a handful of names are listed, there are many others that for multiple reasons have not yet made their departures public. 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. Active social media presence. You will see many bad things while being a journalist. As the CEO of the company, Bob will voluntarily take no salary for the remainder of the year and has given up his annual incentive . Previously: Radio's Role in Taylor Swift's Success A Recession Would Trip Radio Layoffs Shakeup in Station Management Townsquare Distances Itself from Radio Wed. GET FOX BUSINESS ON THE GO BY CLICKING HERE. Jun 17, 2022 The conglomerate is in the throes of more layoffs , which this week included Kennedy, whose broadcasting roots run deep in Rochester. Spreaker is currently the third-most-used podcast host, according to Livewire Labs, but far behind leaders Buzzsprout and Anchor. Of Technology, on Saga Snags Schulze As Director, E-Commerce, on Laden Named News Director, AM Anchor, WABC, on Pratt Upped To APD At Praise Charlotte, on Audacy Denver Launches Front Range Country, Laden Named News Director, AM Anchor, WABC, Audacy Denver Launches Front Range Country, Spotify Restructures, Lays Off 6% Of Force, Beasley Downsizing In Boston, Tampa, More, JVs Family, Colleagues Facing Hard Reality, Saga Snags Schulze As Director, E-Commerce, Mailing Address: 25876 The Old Road #254, Valencia, CA 91381. latest round of layoffs affecting the broadcasting giant, he'd given Rosen permission to use racial slurs, this 2008 post dates from his previous gig, as many as 1,500 jobs were slashed nationwide. 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 largest radio conglomerate in the country, iHeartMedia, initiated a round of mass layoffs this week, cutting enough people that one former on-air host described Tuesday as one of the worst days in on-air radio history. The layoffs were concentrated in small and medium markets, where staffs had already been reduced, striking another major blow to local radio. P!nk on fighting for what's right, being over your feuds, and why performing is therapy. He previously served as SVP/Programming for the Denver market and programmed KNRS Salt Lake City and WGY Albany prior to coming to Denver in 2010. Spence joined the cluster in 2016 after programming the companys Talk and Sports stations in Hartford and New Haven CT. New Hampshire iHeartRadio owner lays off dozens including popular hosts iHeartMedia announced 9 presidents for new market divisions By James Leggate FOXBusiness Video Dozens of popular radio personalities. Sorry. Discover.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Well it finally happened. Courtesy of iheartmedia . 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. 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. Robbyn Hart departs as News and Public Affairs Director and morning newscaster for AAA 97.3 KBCO and Classic Rock 103.5 The Fox KRFX after 26 years at the cluster. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. Toni Foxx exits The Big Show in mornings at Country WQIK (99.1 WQIK). Diversity in Radio Is Vanishing. Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. 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. Lance also advises stations, talent and brands on digital content strategies, programming integrations, and brand extensions. Theyre getting a lot of mileage out of their existing content. Copyright 2020 RAMP Media, Inc. All rights reserved. IHeartMedia, which describes itself as the number one audio company in America and owns more than 850 radio stations, announced the reorganization as a way to group its markets by common needs and characteristics into three divisions. YOUNGSTOWN, Ohio - Following mass layoffs by iHeart Media Inc. last week that included the termination of longtime WNCD 93.3-FM host Fred "Fast Freddie" Woak, U.S. Sen. Sherrod Brown is seeking answers from the national radio chain's CEO. Jerry Schemmel, the play-by-play voice of the Colorado Rockies, is among those who were laid off by iHeartRadio in Denver. As the company stated in Thursday's annual earnings. 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.
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