Two of radio's biggest chains announce layoffs and furloughs as the economy continues to collapse amid the coronavirus epidemic infecting the globe with Entercom and iHeartMedia announcing a reduction of their workforce, suspension of 401k contributions and pay cuts. Another round of employee cuts at iHeartMedia last week appears to include reductions in engineering departments at its broadcast operations. 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 . Tim Moore is out as SVP/Programming for the companys Manchester and Portsmouth NH clusters. Can I Be Laid Off While On Workers Compensation? Jun 15, 2022 A radio DJ heard at multiple stations in Upstate New York is gone from the airwaves after the latest round of iHeartMedia layoffs . Components of separations by industry The culling has begun, wrote one member of a Facebook group for people in radio. Nov 2016 - Aug 2021 4 years 10 months. Insider March 3, 2023 A surprising departure at iHeart Great work life balance, caring bosses, learning a lot, wonderful work family, work from home. It just doesnt take a lot of money to do that the source says. 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. Rochester, New York, United States In charge of producing the WHAM Morning News. IHeartMedia emerged from bankruptcy last year after seeking protection to reduce its debt by more than $10 billion in 2018. While layoffs have been dominating news cycles lately, Workday is moving in the opposite direction. Some employees began to suspect that cuts were coming last week. 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%. 2019. The company reports third-quarter . They are not authored by Glassdoor. Mar 3, 2021 Its modernization initiative has resulted in layoffs in programming, sales and engineering, according to those familiar with the developments. The 2021 iHeartRadio Music Awards are returning on May 27th, and the nominees for this year's show have officially been revealed. 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. Brown Presses iHeart Media CEO on Layoffs iHeartRadio (often shortened to just "iHeart") is an American freemium broadcast, podcast and radio streaming platform owned by iHeartMedia.It was founded in August 2008. According to her LinkedIn, she transitioned to the role of strategic advisor in February, though Hot Pod has learned she is no longer an employee at the company. More Names From iHeartMedia's Cuts Continue To Come Forward The Anniston Star had one layoff, one early retirement and one employee stepped down. Copyright 2023 Penske Business Media, LLC. 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 future of this company is in shambles, financial statements tell you all you need to know! You may become a public figure. 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 iHeartMedia controls more than 800 radio stations and paid Pittman more than $14 million in 2017, according to published reports. 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. One employee who lost a job Tuesday said the station cut just about all the on-air talent except for the morning show. Join my witness protection program -- report Newstips here. That is a truly respectable number, but perhaps their expectations were set high because of the 148 percent growth the segment experienced in 2021. This material may not be published, broadcast, rewritten, or redistributed. To take all the local DJs off the radio in the Number One station, that says a lot, Ledyard notes. Well it finally happened. 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. Foster was also corporate News/Talk Brand Coordinator. Cumulus Just Screwed Itself . iHeart Job Cuts Affect Two Minneapolis Morning Hosts for the most part as long as you're looking at the core of the company. All Rights reserved. Read employee reviews and ratings on Glassdoor to decide if iHeartMedia is right for you. Reports: iHeartMedia Makes Cuts to Engineering Staff Considering the macroeconomic challenges in the current environment, we think our digital and podcasting business has performed well in the fourth quarter, but we also seek concrete ways to improve the performance going forward.. That's nearly 44,000,000 Gen Zers every week! On April 24, 2020, North Jefferson News in Gardendale, Alabama, announced it was merging with sister paper The. It has been 10 years since my last raise, I've asked and been told no. [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. Jordan JRDN Foster is out as night host at CHR 103.5 Kiss-FM WKSC. Radio Townsquare's Major Expansion . 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 prevent the FCC from doing away with local-ownership caps. 49% of employees would recommend working at iHeartMedia to a friend and 45% have a positive outlook for the business. iHeart Media buys L.A.'s Triton Digital from Scripps for $230 million. This company will NEVER give you a raise or cost of living increase. 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. Copyright 2020 RAMP Media, Inc. All rights reserved. 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. Audacy & iHeart Playing Dirty with Ad Rates . 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. Are Older Listeners the Key to Unlocking Streamings Growth Potential? But the bottom line is when you wrote that song, your dream was to hear it on a full-fledged radio station. Iheartmedia Layoffs - GoLayoffs 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. Its happened to a lot of people and now it's happened to me. 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. 49% of iHeartMedia employees would recommend working there to a friend based on Glassdoor reviews. Tuesday's layoffs sent a ripple through the company, as employees' phones started lighting up with texts in the middle of breakfast. Toni Foxx departs The Big Show in mornings at Country 99.1 WQIK after nineteen years. 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. The 500 Greatest Songs of All Time 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. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Radio news and headlines delivered right to your e-mail box -- and it's free. Newstalk 610 CKTB is an iHeartRadio station. iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. 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. Powered by Vipology, on JVs Family, Colleagues Facing Hard Reality, on Bardin Joins WMG As Pres. 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. iHeartMedia Layoffs: Why Is The Audio Company Cutting Jobs? Tell Alexa To "Play WRKO On iHeartRadio!" Read Kuhner's Weekly Columns. Gail Austin is out as Program Director and midday host at Country 93.7 The Bull KSD-FM. Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. 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. 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). 1 on Billboard Argentina Hot 100 Chart, We Thought You Should Know: Morgan Wallen Tops Country Airplay Chart for Third Week, Publishers Quarterly: Taylor Swift Rules With Anti-Hero, Sony and Universal Duel for No. I'm doing the job of about 7 people and getting paid exactly what I was in 2013. You will watch every other department be given tons of perks, services, etc from clients and upper management but you will NEVER receive anything above your base pay. September 02, 2021. Chris Williams exits as co-host at Sports 1460 KXNO and 106.3 KXNO-FM. YouTube revealed its big podcast plan, Spotify talked audiobooks, and Decoder had its first live show. The cuts come as the company continues to implement operational changes that began in the wake of the widescale cuts of January 2020. Glassdoor has 2,430 iHeartMedia reviews submitted anonymously by iHeartMedia employees. ALLACCESS.COM iHeartMedia instituted a round of cuts today focusing on engineering departments at its broadcast operations. Their influence has gotten less and less. Dozens of popular radio personalities across the U.S. were laid off as station owner iHeartMedia announced a major reorganization this week. 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. 2019 Annual Report PDF Format Download PDF 1.19 MB. iHeart Media announces cuts nationwide; Chicago stations lays off three The latest round of layoffs at iHeartMedia has affected two morning shows in the Twin Cities. 2021 iHeartRadio Music Festival Lineup Revealed: Billie Eilish & More Now Its the Music Industrys Hottest Recommendation Tool, prevent the FCC from doing away with local-ownership caps, Report: Sony Music Knew Of Australia Workplace Abuse Allegations For Decades, Kenny Beats Wants to Teach You About the Music Biz, BMG's CEO Has a Grand Idea for the Music Industry: Don't Screw Over Artists, Another Blockbuster Deal: Tina Turner Sells Entire Catalog to BMG, The National Stay Up Late to Perform 'Tropic Morning News' on Fallon, David Lindley, Multi-Instrumentalist Who Shaped the Sound of Soft Rock, Dead at 78, Suki Waterhouse Won't Take Romance for Granted on New Single 'To Love', Travis Barker Says His Finger Ligament Surgery Was a 'Success' After Postponing Blink-182 Tour. (See table 7.) Twitter Outage Wednesday Follows Recent Layoffs 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. 3, 2023 at 9:04 AM PST | Updated: 17 minutes ago. America's largest radio station owner iHeartMedia filed for Chapter 11 bankruptcy protection in the wee hours of Wednesday night/Thursday morning. By continuing to use this website you are giving consent to cookies being used. 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. 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. More people who have gone public with their departure have been added to the list below. (Many declined to comment, citing the same reason.) Many people will just not like you. 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. Broad knowledge of local, national and international affairs (e.g. Is AI to blame? Become a member to support the independent voice of Denver It is unclear whether the decision to leave that spot was her own. Enter Liberty Media, which owns controlling. 2020. 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. 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. Thu. ' Billboard could not confirm the exact number of layoffs and iHeartMedia would comment on that. image=9270478]. Roger Rocket Keeler exits as Imaging Director after 28 years with the cluster. 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. across the board and even if you get a promotion does not mean you will get a pay raise, Coming soon! Lack of support for new hires. Radio 95.1 - Rochester, NY - Home of Brother Wease, Rizzo & Jeff, Rover's Morning Glory at Night and The Bob and Tom Show So He Built His Own, A Breath of Fresh Air: How Giveon Became R&Bs King of Warmth, It Started as a College Project. Lots of opportunities and growth, of course, all depending on which team. 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. >The layoffs began having a missive that is strangely-worded iHeartMedia concerning the companys future plans, saying the the techniques would create Centers of Excellence that will utilize synthetic cleverness as well as other technology to onenightfriend Jak odstranit et provide a significantly better . In March, Pittman surrendered his remaining 2020 salary and senior management took pay cuts between 30-70 percent. Download Our Free iHeartRadio App! 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. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. The festival will also be broadcast live on iHeartMedia radio stations throughout the country across more than 150 markets. Proven work experience as a news anchor 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. iHeartMedia Layoffs Continue Across Multiple Radio Markets iHeart layoffs hit longtime Philadelphia radio executive, on-air audiobooks are the next big-revenue vertical. iheartmedia layoffs 2021 - WOW.com - Content Results Cost of living goes up, your pay NEVER will. KXNO/iHeart Layoffs | Page 17 - CycloneFanatic.com Here are the newsroom layoffs, furloughs and closures that - Poynter 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. I would say if you're going to get an offer, please negotiate this hard. Keeler also hosted the 12pm Throwback Lunch on Alternative Channel 93.3 KTCL. In other words, expect to struggle financially, unless you can manage to build income outside of the company. iHeart Media buys Triton Digital from Scripps for $230 million - L.A As of 2019, iHeartRadio . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. iHeartMedia, Inc. . Radio Waves: iHeart Layoffs Radio JK FM 2nd Chance for Pirates Theres plenty else to dig into here. Published: Mar. Audacy Check In: Rita Ora on the making of 'You Only Love Me' and the return of 'happy music'. Previously: Radio's Role in Taylor Swift's Success A Recession Would Trip Radio Layoffs Shakeup in Station Management Townsquare Distances Itself from Radio 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. 2018. . iHeartMedia Layoffs Continue Across Multiple Radio Markets Here's the Latest : Apr 14, 2020: iHeartMedia Aims to Save $200 Million This Year Via Pay Cuts, Furloughs, Other Reductions . Could iHeart layoffs be the beginning of local radio's endgame? Diversity in Radio Is Vanishing. Also, the term diversity is used as propaganda, and could possibly be a goal of the company, but not something that is necessarily practiced within the company. According to anonymously submitted Glassdoor reviews, iHeartMedia employees rate their compensation and benefits as 2.7 out of 5. You must have JavaScript enabled to fill out this form. 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. Billboard and iHeart Media hit with major layoffs and furloughs 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. Find out more about salaries and benefits at iHeartMedia. Melody Emm - Producer / Board Operator - iHeartMedia | LinkedIn Courtesy of iheartmedia The largest radio conglomerate in the country, iHeartMedia, initiated a round of mass layoffs this week,.
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