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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. It has been 10 years since my last raise, I've asked and been told no. 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. The layoffs were concentrated in small and medium markets, where staffs had already been reduced, striking another major blow to local radio. Twitter Outage Wednesday Follows Recent Layoffs It just doesnt take a lot of money to do that the source says. iHeartMedia laid off hundreds of radio DJs. Listeners expressed their outrage on Twitter after learning that some of their favorite radio personalities had been let go. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. Download Our Free iHeartRadio App! That may be part of why few in radio were surprised by the cuts to local talent. iHeartMedia laid off a number of employees this week. 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. Recession Plans at the Big 3 Radio Groups. January 17, 2020. Iheartmedia Layoffs - GoLayoffs 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. In November, iHeartMedia reported it took in more than $1.6 billion in broadcast-radio revenue during the first nine months of 2019, . 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. Since the layoffs, they've been inundated with messages . The moves came as Department of Justice officials have been considering whether to block Liberty Medias plans to buy iHeart, The New York Post reported. iHeart layoffs hit longtime Philadelphia radio executive, on-air 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%. IHeartMedia emerged from bankruptcy last year after seeking protection to reduce its debt by more than $10 billion in 2018. iHeartMedia is in the midst of another road of layoffs. iHeart Media buys Triton Digital from Scripps for $230 million - L.A 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. 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 Audiobooks (thats right, ya girl is not gonna miss an opportunity to talk audiobooks). From the money earned through that tool, Spreaker takes a 40 percent cut. 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). He has also worked in Shreveport, Charleston and Killeen TX. 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. 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. Tim Moore is out as SVP/Programming for the companys Manchester and Portsmouth NH clusters. iHeartMedia Initiates Another Round of Staff Layoffs RADIO ONLINE | Thursday, June 9, 2022 iHeartMedia has begun another round of layoffs after the company's revenue projections for the rest of 2022 are reportedly trending downward. So it doesnt matter who does it next they wont be as bad as iHeart, because it wont be unprecedented., The former on-air host acknowledges that local radio was already greatly reduced from its heyday. 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. Townsquare's Major Expansion . It is unclear whether the decision to leave that spot was her own. iHeartMedia laid off hundreds of radio DJs. The future of this company is in shambles, financial statements tell you all you need to know! [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 iHeart spokesperson didnt specify the number of jobs that were eliminated, but told FOX Business that the number is relatively small because of the company'semployee base of 12,500. Layoffs at iHeartMedia drive out ace traffic reporter Bart Shore 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. That day of reckoning arrived this week. I got a lil iHeart scoop for you guys to start the weekend, plus some positive findings from the latest Infinite Dial report. 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. Join my witness protection program -- report Newstips here. iHeartRadio (often shortened to just "iHeart") is an American freemium broadcast, podcast and radio streaming platform owned by iHeartMedia. 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. Another Round Of iHeartMedia Job Cuts Is Underway - All Access iHeart owns more than a dozen stations in the Cleveland-Akron-Canton market. Is AI to blame? The layoffs across the country at iHeartMedia are still ongoing. Market data provided byFactset. Also, there is not a union to support employees for equal and adequate pay. 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 . Read the full article now Forward to a friend. Update: Dozens Lose Jobs at Upper Midwest iHeart Stations Massive Layoffs At iHeart Media. Management is alright. Now, everything going out over those airwaves could be made in New York and beamed in from afar. The Two Biggest Pop Radio Stations Barely Played Lil Nas X's 'Old Town Road', In a statement, iHeartMedia said, We will continue to serve every local community in which we operate just as we always have.. 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. That is a truly respectable number, but perhaps their expectations were set high because of the 148 percent growth the segment experienced in 2021. Available to work on a flexible schedule Boston, MA Weather. June | 2022 | Inside Music Media New hires are there to farm 1-2 big accounts, after the base salary is taken away (6months) you are left having to leave and those accounts are given to veteran sellers. 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. 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. June 22, 2022 They most recently attended, or will attend, Cannes Lions International Festival of Creativity 2021 on Jun 21, 2021. As layoffs roil the industry, from Spotify to NPR, iHeart Media is not immune. Though smaller markets seem to be taking the brunt of it, 96.5 KISS FM, Cleveland's Top 40 station, was hit hard. I suspect they will both win, one way or another, he says. ALLACCESS.COM iHeartRadio - Wikipedia FAQ - New Privacy Policy. Chicago: (In radio terms, markets are ranked by population; the size-30 market at the moment is Las Vegas, where the population is more than 600,000.) Bart Shore exits as a traffic reporter for Total Traffic & Weather Network and weekend host at AC WLIT (93.9 Lite FM). Toni Foxx exits The Big Show in mornings at Country WQIK (99.1 WQIK). 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,. 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.. Tell Alexa To "Play WRKO On iHeartRadio!" Read Kuhner's Weekly Columns. Amazon pauses construction on 2nd headquarters in Virginia iHeartMedia to Buy Triton Digital From E.W. Scripps for $230 - Variety It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. In March, Pittman surrendered his remaining 2020 salary and senior management took pay cuts between 30-70 percent. Brian Price exits as afternoon host at Classic Rock 93.3 The Wolf WNCD and Creative Production Designer for the National Programming Group. iHeartRadio Replaces Hundreds of Workers With 'Technology and AI' 49% of iHeartMedia employees would recommend working there to a friend based on Glassdoor reviews. 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. iHeartMedia is in the midst of another road of layoffs. 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. 2020 Annual Report PDF Format Download PDF 1.39 MB. 2021 iHeartRadio Music Awards: See The Full List of Nominees Responsible for pulling cuts, posting on social media, making scripts and voicers . Update 12/1: After a slowdown over the Thanksgiving holiday, the iHeartMedia layoffs have picked back up as the Atlanta cluster saw cuts today. Now, it appears that Sarah van Mosel is no longer the executive vice . Mar 3, 2021 Its modernization initiative has resulted in layoffs in programming, sales and engineering, according to those familiar with the developments. Copyright 2022 RadioInsight / RadioBB Networks. JRDN joined Kiss-FM in 2015 and was promoted from overnights and fill-ins to evening host in October 2019. 'The Culling Has Begun': Inside the iHeartMedia Layoffs - Rolling Stone Entercom, iHeartMedia announce layoffs and furloughs 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. AJR's Visit at 96.5 TDY's Artist Lounge. Lance Venta is Owner and Publisher of RadioInsight.com. Some employees began to suspect that cuts were coming last week. iHeartMedia Layoffs: What They Mean for Listeners & the Industry IHeart emerged from Chapter 11 in early 2019, shaving $10 billion off its debt. Ability to improvise in a live on-camera setting iHeartMedia | Saving Country Music Gordan Dillard Named CMG EVP/A&R & Artist Dev Cumulus Promotes Three at Syracuse Cluster, Gordan Dillard Named CMG EVP/A&R & Artist Development, iHeartMedia Detroit Names Colleen Grant Metro President, Editors Circle: Deanes List September 16, 2022. That's nearly 44,000,000 Gen Zers every week! [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. CEO Bob Pittman said in a press release Tuesday that iHeartMedias move will allow the company to modernize its operations and infrastructure. IHeartMedias stock price was up close to 3 percent Wednesday afternoon. Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. Great work life balance, caring bosses, learning a lot, wonderful work family, work from home.