iheart layoffs 2021 iheart layoffs 2021

49% of iHeartMedia employees would recommend working there to a friend based on Glassdoor reviews. Normal Gossip lands at Radiotopia and Spotify ditches the heart button. iHeartMedia laid off hundreds of radio DJs. To take all the local DJs off the radio in the Number One station, that says a lot, Ledyard notes. I got a lil iHeart scoop for you guys to start the weekend, plus some positive findings from the latest Infinite Dial report. Tim Moore exits the SVP/Programming post for Manchester and Portsmouth NH clusters. Boston: Lance Houston exits the PD post at Country WBLW (101.7 The Bull). When they do something, guess what? iHeartMedia has announced its Q4 financials, reporting $1.13 billion in revenue. On April 24, 2020, North Jefferson News in Gardendale, Alabama, announced it was merging with sister paper The. Mason Lafayette the afternoon host of Mobile, Alabama's MIX 99.9 (WMXC) is one of the iHeart cuts. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. They most recently attended, or will attend, Cannes Lions International Festival of Creativity 2021 on Jun 21, 2021. across the board and even if you get a promotion does not mean you will get a pay raise, Coming soon! Excellent verbal skills 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. Maguire previously served as SVP/Programming for iHeart Montgomery AL, Director of Urban Programming in Maco and PD of WPHH Hartford for the company. Ill see you Tuesday. It just doesnt take a lot of money to do that the source says. CEO Bob Pittman said Q4 was iHeart's best quarter for revenue and adjusted earnings in company history. iHeartMedia, Inc. . Great work life balance, caring bosses, learning a lot, wonderful work family, work from home. 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. 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. 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. Published: Mar. Billboard is a part of Penske Media Corporation. YouTube revealed its big podcast plan, Spotify talked audiobooks, and Decoder had its first live show. The largest radio company in America cut a number of employees this week, dealing a blow to local radio across the country. Chris Williams exits as co-host at Sports 1460 KXNO and 106.3 KXNO-FM. Foster was also corporate News/Talk Brand Coordinator. In addition, subscriptions rates were increased. With more than 860 live broadcast stations in 153 markets across America, there's an iHeartRadio station where you live. Lo 30 Hi 44. To illustrate iHearts new approach, Borrell says he was earlier streaming a Philadelphia rock station on an Amazon device while working in Virginia. Thu. 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. Even the podcasting industry is not immune to some effects of the advertising slowdown, iHeart CEO Bob Pittman said on an investor call this week. The festival will also be broadcast live on iHeartMedia radio stations throughout the country across more than 150 markets. Lo 34 Hi . At least 6,154 news organization workers, which includes both editorial and non-editorial staffers, were laid off beginning March 2020 through August 2021. 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. Boston: FAQ - New Privacy Policy. The future of this company is in shambles, financial statements tell you all you need to know! Mar 3, 2021 Its modernization initiative has resulted in layoffs in programming, sales and engineering, according to those familiar with the developments. 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. Every effort will be made to keep communication between us secret and confidential. 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. We want to hear it. Tim Moore is out as SVP/Programming for the companys Manchester and Portsmouth NH clusters. Copyright 2023 Penske Business Media, LLC. The majority of the cuts were inflicted on smaller markets size-30 and under, according to Del Colliano. 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. iHeartMedia controls more than 800 radio stations and paid Pittman more than $14 million in 2017, according to published reports. (See table 8.) The eighth annual iHeartRadio Music Awards will air live from The Dolby Theatre in Los Angeles on Thursday, May 27th from 8:00-10:00 PM ET live (PT tape-delayed). According to anonymously submitted Glassdoor reviews, iHeartMedia employees rate their compensation and benefits as 2.7 out of 5. This rating has improved by 3% over the last 12 months. Hart also tracked nights on KBCO and served as an anchor/reporter for KOA. Wed. Lance also advises stations, talent and brands on digital content strategies, programming integrations, and brand extensions. 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. Every Tuesday receive analysis, insights, and commentary on the growing podcast industry. 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. Max Cutler most recently oversaw content partnerships. iHeartMedia is in the midst of another road of layoffs. Visit our, From Banned To All-Weekend Stunt, KMLE & WPAW Goes Nonstop Morgan Wallen, Audacy Launches Front Range Country 103.1 Denver, Tino Cochino Radio Joins 106.1 Kiss-FM Dallas, News Center Maine: It was a lightning bolt: Maines WBLM celebrates 50 years of classic rock, Edison Research Releases 2023 Infinite Dial Study. 2019. ' Billboard could not confirm the exact number of layoffs and iHeartMedia would comment on that. image=9270478]. Reactions: im4cyclones , beentherebefore and Doc 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. Massive Layoffs At iHeart Media. I recommend newcomers to work at iHeart. Read employee reviews and ratings on Glassdoor to decide if iHeartMedia is right for you. 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" 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. Each site continues to compile ongoing lists. 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. 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.. Understanding of the newscast process Though smaller markets seem to be taking the brunt of it, 96.5 KISS FM, Cleveland's Top 40 station, was hit hard. Jordan JRDN Foster is out as night host at CHR 103.5 Kiss-FM WKSC. Lance Houston exits the PD post at Country WBLW (101.7 The Bull). 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. Become a member to support the independent voice of Denver [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. An iHeartRadio station. That year-over-year growth rate also decelerated over the course of 2022, going from 78 percent in the first quarter to 60 percent in the second quarter, 42 percent in the third quarter, and finally to 17 percent in the fourth quarter. Peter The Mayor Kennedy exits his dual role as 9-11am co-host on Hot Talk Radio 95.1 WAIO and afternoon host on regional ACs Y94 WYYY Syracuse, Mix 103.3 WMXW Binghamton, and Sunny 102.3 WVOR Canandaigua. . Kennedy joined the company as morning host on Hot AC 100.5 The Drive WDVI in 2012 after 20 years at CHR 97.9 WPXY and three years in middays at Variety Hits 98.9 the Buzz WBZA. IHeartMedia emerged from bankruptcy last year after seeking protection to reduce its debt by more than $10 billion in 2018. Listeners expressed their outrage on Twitter after learning that some of their favorite radio personalities had been let go. Management is alright. iHeart Media buys L.A.'s Triton Digital from Scripps for $230 million. Cumulus Just Screwed Itself . No matter who does it next, iHeart was the bad-guy first, the former employee says. Legal Statement. 2023 FOX News Network, LLC. nick@hotpodmedia.comSignal: +1 312-509-5898. Tuesday's layoffs sent a ripple through the company, as employees' phones started lighting up with texts in the middle of breakfast. Some called for a boycott of the company. This further decreased ad revenue, which meant even more layoffs and/or more consolidation. 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. 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. iHeart owns more than a dozen stations in the Cleveland-Akron-Canton market. Cool industry with concerts, radio, events, etc. Some employees began to suspect that cuts were coming last week. I would say if you're going to get an offer, please negotiate this hard. 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. 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. 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." for the most part as long as you're looking at the core of the company. This website uses cookies. Vail's International Student Workers Feel Left Out in the Cold Over High Housing Costs, Help Prevent Car Theft: Let the Denver Police Department Track Your Stolen Vehicle's Location, "Western Water Girl" Uses TikTok to Make a Splash on Colorado Water Issues. Jerry Del Colliano in the online newsletter Inside Music Media put the number of iHeartMedia broadcast engineers cut at 39 as of Friday, with some of them expected to continue as contract help at stations. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. 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,. In March, Pittman surrendered his remaining 2020 salary and senior management took pay cuts between 30-70 percent. Scripps exits the podcast sector, radio. As layoffs roil the industry, from Spotify to NPR, iHeart Media is not immune. Listen to live radio! 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. 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. Theres plenty else to dig into here. 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. 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. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Van Mosel is a longtime podcast revenue executive, having held top spots at New York Public Radio, Acast, and Stitcher, and she was seen as a big get for iHeart when she joined last year. [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. Program directors at almost every company barely choose the music anymore, he says. 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 . Its main competitors . Update 12/1: After a slowdown over the Thanksgiving holiday, the iHeartMedia layoffs have picked back up as the Atlanta cluster saw cuts today. That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. Chicago: Jordan 'JRDN' Foster exits as night host at CHR WKSC (103.5 Kiss FM). Jess Aleshire exits as Regional Production Director for Minot, Bismarck & Dickinson ND and midday host on Rock 105.3 The Fox KZPR Minot. 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. 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. iHeartMedia is in the midst of another road of layoffs. (adsbygoogle = window.adsbygoogle || []).push({}); Radio news and headlines delivered right to your e-mail box -- and it's free. political, economic, legislative and cultural) 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. 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. iHeart Cuts Exec Salaries, Furloughs Employees March 30, 2020 March 31, 2020 kevincarter iHeartMedia . Powered and implemented byFactSet Digital Solutions. 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. our management team has found ways to reduce our company's expenses without resorting to permanent layoffs. Journey Takes a Break From Feuding, Returns for Harmonious Concert at Oklahoma Casino, Recordings Great Escapes: Photos of Thailands Karma Sound Studios, El CD cumple 40: Cmo el disco compacto lleg a dominar el mercado. January 15, 2020 16 iHeartRadio Denver (photo: Jeffrey Beall CC by 4.0) Yesterday, we first reported on iHeartMedia's mass layoff of employees nationwide. 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. You will live in constant fear of losing your job and be abused by the sales staff and sales management, no joke, ABUSE. NAB Asks FCC to Complete 2018 Quadrennial Review, Laden Joins WABC/New York as News Director and Host, Audacy Launches ''Front Range Country 103.1'' in Denver, WPZS (Praise 100.9)/Charlotte Ups Melanie Pratt to APD, iHeartMedia's Podcast Platform Spreaker is Now Free, KINK-FM/Portland Adds ''The Greg Beharrell Show''. Editors picks 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. Native Hawaiian or Other Pacific Islander, In celebration of International Women's Day on March 8, iHeartMedia presents the third annual iHeartRadio SeeHer Hear Her: Celebrating Women Who Make Music & Culture, a celebration of women who make music, influence change, and sew the fabric of our culture. charlieonnafriday's visit at 96.5 TDY's Artist Lounge. 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. Head of iHeart Audience Network is out as podcast revenues slow. Have a great weekend! Since the layoffs, they've been inundated with messages . Join us, Charlamagne Tha God, Jess Hilarious, and countless other podcasters, celebrities, brands, and tastemakers in Atlanta this spring for unprecedented live podcasts, panel discussions, games, a Black-owned business marketplace, and more! Gayle Troberman, Executive Vice President and Chief Marketing Officer for iHeartMedia. 2023 Billboard Media, LLC. Not long after the email went out, people like myself started to get calls up to offices, and they were told they were being let go, says the former host. Ability to improvise in a live on-camera setting 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. (AP Photo/Jeff Chiu, File) By The Associated . Boston, MA Weather. 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. The. Market data provided byFactset. to get free tickets to concerts and music events. Augustus also worked in the market at 98.1 WSRR and 98.9 WJZN along with a previous stint at WRBO. Also, there is not a union to support employees for equal and adequate pay. Roger Rocket Keeler exits as Imaging Director after 28 years with the cluster. 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 . America's largest radio station owner iHeartMedia filed for Chapter 11 bankruptcy protection in the wee hours of Wednesday night/Thursday morning. iHeart Media have announced cuts in hope of saving $250m. Copyright 2022 RadioInsight / RadioBB Networks. The layoffs seemed to particularly anger listeners of the Des Moines, Iowa sports station KXNO. Effective communication and interpersonal skills 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. Speaking of iHeart finding new ways to make money, its podcast publishing tool Spreaker is going for the Anchor play. The remaining local programmers will no longer have a direct hand in deciding what music their stations will play, says Tony Gray, a veteran urban radio consultant and president and CEO of Gray Communications. Youve gotten to the point where theres no such thing as a disc jockey. Bart Shore departs as a traffic reporter for Total Traffic & Weather Network and weekend host at AC 93.9 Lite-FM WLIT. He has also worked in Shreveport, Charleston and Killeen TX. They do not offer fair pay wages that are conducive to the talent or the market. That is a truly respectable number, but perhaps their expectations were set high because of the 148 percent growth the segment experienced in 2021. Strict deadlines are a problem. The morning show on Radio 95.1, however, has been . Being a journalist can be stressful. Jun 17, 2022 The conglomerate is in the throes of more layoffs , which this week included Kennedy, whose broadcasting roots run deep in Rochester. 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, , seemed plucked partly from a corporate-culture parody like. From the money earned through that tool, Spreaker takes a 40 percent cut. 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. In a statement that echoed its email to employees, the company noted that during a transition like this, its reasonable to expect that there will be some shifts in jobs some by location and some by function but the number is relatively small given our overall employee base of 12,500. That said, the statement continued, we recognize that the loss of any job is significant; we take that responsibility seriously and have been thoughtful in the process.. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. At iHeartMedia, Inc., we promise to treat your data with respect and will not share your information with any third party. Some company like Iheart can come along and buy up companies using a ton of debt. 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. DJs blame the executives. 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. (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." iHeartMedia laid off a number of employees this week. Liberty, which owns SiriusXM satellite radio, also has a 4.8 percent stake in iHeart. Earle Augustus exits as morning co-host on Adult R&B V101 KJMS and afternoon host on R&B Oldies 1070 WDIA. Executives blame AI. Ability to work under stressful conditions and strict deadlines Are Older Listeners the Key to Unlocking Streamings Growth Potential? Why would they need to produce more?, Laid-off iHeartMedia DJs and programmers arent exactly sympathetic to that point of view. Gail Austin is out as Program Director and midday host at Country 93.7 The Bull KSD-FM. As of 2019, iHeartRadio was functioning as the national umbrella brand for iHeartMedia's radio network, the largest radio broadcaster in the United States with 128 million registered users as of 2019. Join the Westword community and help support May 17, 2021 Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs A Wells Fargo analyst has predicted the largest "reduction in U.S. bank headcount in history." Toni Foxx exits The Big Show in mornings at Country WQIK (99.1 WQIK). iHeartMedia Initiates Another Round of Staff Layoffs, More Layoffs Happening At iHeartMedia DMS, The Culling Has Begun: Inside the iHeartMedia Layoffs. 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. 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. Send us a tip using our anonymous form. Rochester, New York, United States In charge of producing the WHAM Morning News. 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. 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. Broad knowledge of local, national and international affairs (e.g. Powered by Vipology, on JVs Family, Colleagues Facing Hard Reality, on Bardin Joins WMG As Pres. While only a handful of names are listed, there are many others that for multiple reasons have not yet made their departures public. This site is protected by reCAPTCHA Enterprise and the Google. Responsible for pulling cuts, posting on social media, making scripts and voicers . They never should have been able to leverage up to $20 Billion but hey, who's counting. 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. Dave Hilton exits as Production Director after 23 years. According to Radio Insight, Jeremy Newman is expected to stay with iHeartMedia, hosting afternoons at Country 100.5 (WDVI-FM) in Rochester.