https://www.syracuse.com/entertainment/2022/06/syracuse-rochester-radio-dj-mayor-pete-kennedy-out-after-iheartmedia-layoffs.html. You can unsubscribe to any of the . Every Tuesday receive analysis, insights, and commentary on the growing podcast industry. Des Moines Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. iHeartMedia Careers | iHeartMedia It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. Dozens of popular radio personalities across the U.S. were laid off as station owner iHeartMedia announced a major reorganization this week. 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. for the most part as long as you're looking at the core of the company. 2023 Billboard Media, LLC. NewsTalk 610 CKTB | News - iHeartRadio Liberty, which owns SiriusXM satellite radio, also has a 4.8 percent stake in iHeart. Iheartmedia Layoffs - GoLayoffs To help speed this along, wed really appreciate it if you would, This category could use your help. iHeartMedia layoffs hit Cleveland radio, again - cleveland.com Lo 34 Hi . Also, there is not a union to support employees for equal and adequate pay. Breaking news when it happens. Three Architects of Denver's iHeart Radio Empire Are Out 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. [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. 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.. 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. 2023 FOX News Network, LLC. 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 . radioinsight.com The salary is extremely low. iHeart Media announces cuts nationwide; Chicago stations lays off three The nation's largest owner of radio stations began notifying affected. The entire environment is toxic and negative, no one (besides sales since they rule all things) is happy and everyone is treated like absolute garbage. 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. On April 24, 2020, North Jefferson News in Gardendale, Alabama, announced it was merging with sister paper The. The move comes at a time when the company is anxious about growth. 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. iHeart Cuts Exec Salaries, Furloughs Employees Update: Dozens Lose Jobs at Upper Midwest iHeart Stations 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. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. IHeartMedia also named nine senior executives on Wednesday who will serve as division presidents under the new organizational system. The majority of the cuts were inflicted on smaller markets size-30 and under, according to Del Colliano. Being a journalist can be stressful. Another Round Of iHeartMedia Job Cuts Is Underway - All Access Max Cutler most recently oversaw content partnerships. 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.. According to Edison, 35 percent of respondents said that they have listened to an audiobook in the past year, up from 28 percent in 2022. 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. Enter Liberty Media, which owns controlling. 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. When iHeart Media acquired several Boston radio stations in 2017, it was known that the company would need to make massive cuts at some point to deal with its multi-billion dollar debt. iHeartMedia Staff Hit With Layoffs Across the Country: 'It's Been a iHeartMedia laid off hundreds of radio DJs. 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. Ill see you Tuesday. 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. Download Our Free iHeartRadio App! Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Head of iHeart Audience Network is out as podcast revenues slow. 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. We heard a lot of different rumors, including talk about automating certain markets depending on the revenue [they generated].. 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. iHeartMedia Cuts Continue - RadioInsight 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.. Radio Cool industry with concerts, radio, events, etc. Lance Venta is Owner and Publisher of RadioInsight.com. 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 . 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. That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. All Rights Reserved. iHeartRadio Denver Layoffs Update and Details From Internal Memo - Westword iHeartMedia Layoffs: What They Mean for Listeners & the Industry FAQ - New Privacy Policy. Philadelphia Pop Radio Station - WTDY-FM | 96.5 FM TDY iHeartMedia is in the midst of another road of layoffs. Radio Waves: Capitol Code, Clay's Corner, The Buzzer, iHeart Layoffs Cost of living goes up, your pay NEVER will. Layoffs at iHeartMedia drive out ace traffic reporter Bart Shore In March, Pittman surrendered his remaining 2020 salary and senior management took pay cuts between 30-70 percent. FILE - A sign at Twitter headquarters is shown in San Francisco, Dec. 8, 2022. Layoffs have become a regular thing at iHeart, and not just in Denver. 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. No matter who does it next, iHeart was the bad-guy first, the former employee says. Since the layoffs, they've been inundated with messages . Its not cause they dont want to theyre told not to. Chicago: All rights reserved. 2018. . Amazon Pauses Construction on Second Headquarters in Virginia, Emilia, Big One & Callejero Fino Earn First No. Thu. 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. 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. 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. Join the Westword community and help support Which is a shame because there is a huge need for something more local., came into my office and closed the door and said, Hey, and gave me the talk of, This is your last day. At iHeartMedia, Inc., we promise to treat your data with respect and will not share your information with any third party. After last years Infinite Dial report freaked people out by showing a three-point dip in monthly podcast listeners, the latest report found that the number of monthly listeners has reached an all-time high. low pay, understaffed, not enough resources, Hybrid - 2 days in office Free Meals Tue -Thu Free Parking Downtown Off early on Fridays 401K + Health Benefits (high cost) Flexible schedule for doc appts, and such.
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