Update 12/1: After a slowdown over the Thanksgiving holiday, the iHeartMedia layoffs have picked back up as the Atlanta cluster saw cuts today. iHeartMedia controls more than 800 radio stations and paid Pittman more than $14 million in 2017, according to published reports. 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. Thats the saddest part., A daily briefing on what matters in the music industry. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. The majority of the cuts were inflicted on smaller markets size-30 and under, according to Del Colliano. Jordan JRDN Foster exits as night host at CHR WKSC (103.5 Kiss FM). 2021. Lance also advises stations, talent and brands on digital content strategies, programming integrations, and brand extensions. Editors picks 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. Every Tuesday receive analysis, insights, and commentary on the growing podcast industry. 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.. Legal Statement. Tim Moore exits the SVP/Programming post for Manchester and Portsmouth NH clusters. 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. Max Cutler most recently oversaw content partnerships. 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 The 100 Best Albums of 2022. Then they rinse and repeat with new hires iHeartMedia has an overall rating of 3.2 out of 5, based on over 2,430 reviews left anonymously by employees. San Antonio, Texas Area . This further decreased ad revenue, which meant even more layoffs and/or more consolidation. 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. Make a one-time donation today for as little as $1. We want to hear it. Im listening to my favorite station and they didnt need to put a DJ down here in Williamsburg, he says. All rights reserved. our management team has found ways to reduce our company's expenses without resorting to permanent layoffs. 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. Speaking of iHeart finding new ways to make money, its podcast publishing tool Spreaker is going for the Anchor play. When youre talking to the market guy, hes saying, They let go of all these people and Im running an automated system right now,' says a label source who frequently works with iHeart. Designed by Elegant Themes | Powered by WordPress, iHeartMedia Sacramento Launches The New KISS 107.9, Amanda Ice Habrowski Named Midday Host at 93.1 The Mountain/Las Vegas. The Seattle-based company is delaying the beginning of construction of PenPlace, the second phase of its headquarters development in Northern Virginia . Are Older Listeners the Key to Unlocking Streamings Growth Potential? As the company stated in Thursday's annual earnings. Sean Ross, a longtime industry analyst who edits the Ross on Radio newsletter, says its unlikely that other large broadcast companies, including Entercom and Cumulus, will follow iHearts lead right away in restructuring this aggressively away from traditional radio and towards the digital business. Our people are our companys most important asset, iHeartMedia continued, before announcing that a number of those crucial assets were about to be cut, and inventing a new euphemism for layoffs in the process: There will be some employee dislocation some by geography and some by function which is the unfortunate price we pay to modernize the company.. While free isnt normally the best way to make more money, podcasters who subscribe to the free tier also have access to Spreakers monetization tool. 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. iHeartMedia has begun another round of layoffs after the company's revenue projections for the rest of 2022 are reportedly trending downward. Reports: iHeartMedia Makes Cuts to Engineering Staff, Syracuse, Rochester radio DJ Mayor Pete Kennedy out after , Pete Kennedy, The Mayor, among those let go in iHeartMedia , Three Architects of Denvers iHeart Radio Empire Are Out, iHeartRadio Layoffs During Pandemic Show Its Challenges , Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Roger Rocket Keeler exits as Imaging Director after 28 years with the cluster. Powered by Vipology, on JVs Family, Colleagues Facing Hard Reality, on Bardin Joins WMG As Pres. Become a member to support the independent voice of Denver So He Built His Own, A Breath of Fresh Air: How Giveon Became R&Bs King of Warmth, It Started as a College Project. 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. The move comes at a time when the company is anxious about growth. All Rights Reserved. We're bringing together the most influential and trusted voices in Black culture for conversations around social justice, pop culture, sports, mental health, news, and comedy. 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. 2019 Annual Report PDF Format Download PDF 1.19 MB. Dont expect a raise either. Liberty, which owns SiriusXM satellite radio, also has a 4.8 percent stake in iHeart. Featured Artists. 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 . Greg Foster exits as SVP/Talk Programming overseeing News/Talk 850/94.1 KOA, Talk 630 KHOW, and Conservative Talk Freedom 93.7 760 KDFD. At least 100 U.S. news organizations have closed throughout the pandemic, although 14 of those same outlets have since resumed operations to varying extents. While layoffs have been dominating news cycles lately, Workday is moving in the opposite direction. Paying more for less/worse content drove even more readers away. Jacksonville iHeart Cuts Exec Salaries, Furloughs Employees March 30, 2020 March 31, 2020 kevincarter iHeartMedia . radioinsight.com Understanding of the newscast process https://www.democratandchronicle.com/story/news/2022/06/17/pete-kennedy-the-mayor-rochester-ny-radio-host-among-those-let-go-iheartmedia-cuts/7657086001/. 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%. Cost of living is considerable more and we're all struggling, we don't care about how great we're doing *for you and your bank accounts. Burd previously served as APD/midday host of Country 92.5 The Bull KBEB Sacramento, morning co-host at CHR 104.7 KDUK Eugene OR and midday host at CHR 107.5 Kiss-FM KIFS Medford OR. https://www.westword.com/news/denver-iheart-radio-stations-cut-kbcos-robbyn-hart-and-more-14378105, Jun 22, 2022 Layoffs have become a regular thing at iHeart , and not just in Denver. 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. Dozens of popular radio personalities across the U.S. were laid off as station owner iHeartMedia announced a major reorganization this week. Back in January 2020, prior to the start of the COVID-19 pandemic (which , https://www.billboard.com/pro/iheartradio-layoffs-pandemic-challenges-advertising-programming/, Dec 4, 2020 iHeartRadio Layoffs During Pandemic Show Its Challenges Go Beyond Lost Ads Since January, the worlds biggest broadcaster has had three rounds . Mutual Fund and ETF data provided byRefinitiv Lipper. You may get shitstorms on social media. iheart layoffs 2021. Send us a tip using our anonymous form. Jess Aleshire exits as Regional Production Director for Minot, Bismarck & Dickinson ND and midday host on Rock 105.3 The Fox KZPR Minot. 49% of iHeartMedia employees would recommend working there to a friend based on Glassdoor reviews. Amazon Pauses Construction on Second Headquarters in Virginia, Emilia, Big One & Callejero Fino Earn First No. iHeartMedia Layoffs Continue Across Multiple Radio Markets Here's the Latest Dylan Smith November 3, 2020 Back in April, following a series of personnel cutbacks that preceded the COVID-19. This website uses cookies. I am not convinced that triple-digit growth is an attainable (or even worthy) goal when you already bring in more than $350 million in revenue, but thats why I am a wee writer, not a billionaire investor. Late last Friday, word began rapidly circulating about numerous high profile personnel cuts within Beasleys on-air and programming ranks. audiobooks are the next big-revenue vertical. Workload can be heavy during close, but that's typical for an Accounting position. Edison reported that 42 percent of people in the US 12 and older listen to podcasts on a monthly basis, up from 38 percent last year. Some employees began to suspect that cuts were coming last week. Thats good to hear! Among the people whose departures have been made public so far are: Lance Houston exits as Program Director of Country 101.7 The Bull WBWL. The salary is extremely low. Earle Augustus exits as morning co-host on Adult R&B V101 KJMS and afternoon host on R&B Oldies 1070 WDIA. Find out more about, 49% of iHeartMedia employees would recommend working there to a friend, Get started with your Free Employer Profile, They Expect High Turnover For This Position So You Will Never See A Raise, Great for a resume, not for a career unless youre lucky. Previously, to get a broadcast license in Sheboygan, Wisconsin, there would have to be a manned studio in town. The nation's largest owner of radio stations began notifying affected.