Audiobooks (thats right, ya girl is not gonna miss an opportunity to talk audiobooks). Paying more for less/worse content drove even more readers away. 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 . 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). He was also the station's Sr. Vice President of Programming. 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. You will be overworked and take on so many extra responsibilities with no pay and management is awful. Legal Statement. 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. Spence joined the cluster in 2016 after programming the companys Talk and Sports stations in Hartford and New Haven CT. iHeartMedias companywide email proclaimed that our company is built on the strength of broadcast radio the markets in which we operate and the connection of our stations to the communities they serve. But that connection may be nonexistent after Tuesday, according to several former iHeartMedia employees. No bonus or stock options. Many people will just not like you. Tim Spence exits as PD of KHOW and 600 KCOL Fort Collins, APD of KOA and Affiliate Relations Director for the Colorado Rockies and Denver Broncos networks. Most artists want to hear their song on the radio. You may become a public figure. As the company stated in Thursday's annual earnings. Tim Moore exits the SVP/Programming post for Manchester and Portsmouth NH clusters. Massive Layoffs At iHeart Media. Also, there is not a union to support employees for equal and adequate pay. . You will be away from home quite often. Toni Foxx exits The Big Show in mornings at Country WQIK (99.1 WQIK). Listen To The Most Popular Podcasts On iHeartRadio! Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. 6:28AM. Comfortable yet professional presence on camera Cost of living goes up, your pay NEVER will. local news and culture, Michael Roberts . They are constantly consuming news and information throughout the day on various platforms, but it may be to your surprise that 55% of 13-24 year-olds in the US are reached by AM/FM radio daily. Jordan JRDN Foster exits as night host at CHR WKSC (103.5 Kiss FM). 2019 Annual Report PDF Format Download PDF 1.19 MB. 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. 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. As far as the music stations go, theres not a single local talent [left]. What was not mentioned at the, Late Wednesday night, as the search for missing KYLD (WiLD 94.9)/San Francisco morning personality Jeffrey JV Vandergrift reached its, Nice to hear from major market pro Riley Couture, who reached out to let us know that she relaunched, Red Apple News-Talk 77 WABC/New York has hired Noam Laden in the multi-faceted role of News Director, host of. Ive seen the writing on the wall for a long time, Ledyard says. CEO Bob Pittman said Q4 was iHeart's best quarter for revenue and adjusted earnings in company history. 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. The Trump Administration Could Make It Worse Moore joined the company in 2012 as Program Director for their Portsmouth stations and rose to his now former role in 2015. The small cuts to the product when times were good had already push some away. 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. political, economic, legislative and cultural) 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 His departure comes less than a month after podcasting head Dawn Ostroff announced she was leaving. iHeart's role in all of this, yes iHeart! That may be part of why few in radio were surprised by the cuts to local talent. 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. 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. The company reports third-quarter . 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. Today's $200 million plan comes after the company announced $50 million in savings early . 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. Cumulus Just Screwed Itself . So far we have heard of dismissals from programming, on-air, and digital departments across the country. Chicago: Jordan 'JRDN' Foster exits as night host at CHR WKSC (103.5 Kiss FM). In the process, the company became a ripe target for a takeover bid. 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, streaming and, (Updated at 2 p.m. Tim Moore is out as SVP/Programming for the companys Manchester and Portsmouth NH clusters. 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. 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. Average Song Length Nose Dives . 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. Were a little short on data, but you can help. (adsbygoogle = window.adsbygoogle || []).push({}); Radio news and headlines delivered right to your e-mail box -- and it's free. Some company like Iheart can come along and buy up companies using a ton of debt. The salary is extremely low. Bob and Rich don't seem to care either, they send out emails singing the praises of the company and "how well we're doing", then why have we been denied raises or even cost of living increases for over a decade???? It has been 10 years since my last raise, I've asked and been told no. AJR's Visit at 96.5 TDY's Artist Lounge. 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. 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. Some employees began to suspect that cuts were coming last week. 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. Theres plenty else to dig into here. Now, it appears that Sarah van Mosel is no longer the executive vice president of the iHeart Audience Network after less than a year in the post. 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. Brian Price exits as afternoon host at Classic Rock 93.3 The Wolf WNCD and Creative Production Designer for the National Programming Group. We heard a lot of different rumors, including talk about automating certain markets depending on the revenue [they generated].. 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. Neither van Mosel nor iHeart responded to request for comment. 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. Apr 2021 - Present 2 years. DJ Bee departs as midday host at Classic Hip Hop 92.1 The Beat WHBT-FM and afternoon host and mixer at Hip Hop 103 Jamz WOWI after 25 years. WKRD sports talk Afternoon hosts John Ramsey and Mike Rutherford are now out, not back after the iHeart layoffs, RADIO GIANT IHEARTMEDIA FILES BANKRUPTCY PLAN TO REDUCE DEBT. Townsquare's Major Expansion . iHeartMedia, Inc. . 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. Its not cause they dont want to theyre told not to. Spotify Restructures, Lays Off 6% Of Force January 23, 2023 Spotify Daniel Ek, Founder/CEO of Sweden-based streaming giant Spotify announced extensive organizational restructuring that includes the layoff of 6% of Read more Riley Couture: Free Agent November 10, 2022 iHeartMedia, WIHT, WZFT My coworkers, who are equally as miserable but stuck, are very nice. https://www.syracuse.com/entertainment/2022/06/syracuse-rochester-radio-dj-mayor-pete-kennedy-out-after-iheartmedia-layoffs.html. That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. Chicago: Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. Is AI to blame? Audacy Check In: Rita Ora on the making of 'You Only Love Me' and the return of 'happy music'. 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 . YouTube More information is surfacing about iHeartRadio layoffs in. 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. In March, Pittman surrendered his remaining 2020 salary and senior management took pay cuts between 30-70 percent. Tampa to get free tickets to concerts and music events. Youll gain a lot of experience and knowledge that youll be able to take to your next job. iHeartMedia Initiates Another Round of Staff Layoffs, More Layoffs Happening At iHeartMedia DMS, The Culling Has Begun: Inside the iHeartMedia Layoffs. Billboard is a part of Penske Media Corporation. 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. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. Annual layoffs and discharges fell notably, from 40.8 million in 2020 to 17.0 million in 2021, for a decrease of 58.3 percent. [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. 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. Lance Venta is Owner and Publisher of RadioInsight.com. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. This is the largest radio group, Del Colliano notes. Spokespeople for iHeart and Townsquare wouldnt comment, but Borrell believes iHeart is expanding its focus to sell advertising nationally, while Townsquare remains locked in on local advertisers in each of its markets. Well it finally happened. Having problems? 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. Have a great weekend! It has reportedly caught the eye of antitrust officials with its not-yet-official plans to buy the radio giant. 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. 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." IHeart emerged from Chapter 11 in early 2019, shaving $10 billion off its debt. Total earnings in 2022 increased 7% to $316 million, compared to $294 million in the prior-year period. Tuesday's layoffs sent a ripple through the company, as employees' phones started lighting up with texts in the middle of breakfast.
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