iheart layoffs 2021

iheart layoffs 2021

Theres plenty else to dig into here. 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. KDWB/101.3 morning executive producer Steve-O LaTart and "Cities 97.1" (KTCZ) morning host Hunter Quinn both announced on social media Monday that they had been let go. Strict deadlines are a problem. Our nine division presidents bring a complementary portfolio of knowledge, leadership and diverse functional expertise that will position us well as we continue to transform and modernize as the leader in the audio space.. [iHeartMedia is] very much convinced that the local aspect of radio is no longer important., Related Augustus also worked in the market at 98.1 WSRR and 98.9 WJZN along with a previous stint at WRBO. You will be overworked and take on so many extra responsibilities with no pay and management is awful. Average Song Length Nose Dives . Copyright 2023 Penske Business Media, LLC. political, economic, legislative and cultural) 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. 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. Spence joined the cluster in 2016 after programming the companys Talk and Sports stations in Hartford and New Haven CT. Previously: Radio's Role in Taylor Swift's Success A Recession Would Trip Radio Layoffs Shakeup in Station Management Townsquare Distances Itself from Radio Jacksonville IHeartMedia also named nine senior executives on Wednesday who will serve as division presidents under the new organizational system. By Beat the Press Staff. To illustrate iHearts new approach, Borrell says he was earlier streaming a Philadelphia rock station on an Amazon device while working in Virginia. "People are concerned," says a source at an iHeart station. Employees also rated iHeartMedia 3.3 out of 5 for work life balance, 3.1 for culture and values and 3.0 for career opportunities. 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. Radio still touches so many lives: Its free, and its particularly important to low-income communities, communities of color, who are less likely to be on the internet, so their opportunities to access news and information are much more limited. Gen Z are true digital natives and the most tech-savvy generation. Tuesday's layoffs sent a ripple through the company, as employees' phones started lighting up with texts in the middle of breakfast. 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 controls more than 800 radio stations and paid Pittman more than $14 million in 2017, according to published reports. 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. It just doesnt take a lot of money to do that the source says. 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. 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. New Hampshire That's nearly 44,000,000 Gen Zers every week! Lo 30 Hi 44. It is unclear whether the decision to leave that spot was her own. iHeartMedia instituted a round of cuts today focusing on engineering departments at its broadcast operations. No bonus or stock options. ALLACCESS.COM The company reports third-quarter . According to Radio Insight, Jeremy Newman is expected to stay with iHeartMedia, hosting afternoons at Country 100.5 (WDVI-FM) in Rochester. iHeart's role in all of this, yes iHeart! Thats the saddest part., A daily briefing on what matters in the music industry. That is a truly respectable number, but perhaps their expectations were set high because of the 148 percent growth the segment experienced in 2021. San Antonio, Texas Area . - Excellent work-life balance - The team is very supportive and motivated - Lots of career opportunities - Can easily find a mentor or when running into conflicts there's always someone to help you. Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. Joey Morona, cleveland.com CLEVELAND, Ohio -- Cleveland radio has been impacted once again by layoffs at iHeartMedia. Proven work experience as a news anchor Jun 17, 2022 The conglomerate is in the throes of more layoffs , which this week included Kennedy, whose broadcasting roots run deep in Rochester. Late yesterday RAMP learned that Josh Wolff has exited as iHeartMedia SVP of Programming for Allentown & Lancaster, PA, Yesterday we reported that Audacy Classic Hits KOOL-FM/Phoenix had rebranded as BIG 94.5. 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. Mychal Maguire exits the PD post at Hip Hop WBTP (95.7 The Beat). You can check out the full report on Edisons website. 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. Now that a single Spotify playlist might command more than 25 million followers, giving it the power to create a global hit before lunchtime, the concept of a local radio station intent on serving a local community seems increasingly quaint. Weve gotten so far from local owners that radio is almost unrecognizable now, said Karen Slade, vice president and general manager of the independently owned KJLH in Los Angeles, . Cool industry with concerts, radio, events, etc. 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. While layoffs have been dominating news cycles lately, Workday is moving in the opposite direction. 2019. Now, we dont do that either.. Hart also tracked nights on KBCO and served as an anchor/reporter for KOA. 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. Austin joined KSD-FM in December 2018 after previously serving as VP/Programming for Clear Channel Jacksonville and programming WCOL Columbus OH and WQIK Jacksonville. IHeartMedias stock price was up close to 3 percent Wednesday afternoon. Its main competitors . I heard theyre gonna go with their national music logs across the board. I think the majority of these stations will be centrally programmed, agrees the other former employee. Newstalk 610 CKTB is an iHeartRadio station. Layoffs have become a regular thing at iHeart, and not just in Denver. 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 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.. Boston, MA Weather. Tell Alexa To "Play WRKO On iHeartRadio!" Read Kuhner's Weekly Columns. It has been 10 years since my last raise, I've asked and been told no. IHeart reps wouldnt comment on the number of layoffs or discuss strategy, other than releasing a statement that says in part, This is another step in the companys successful transformation as a multiple platform 21st century media company, and we believe it is essential to our future. (Although listenership for iHeartMedias more than 850 stations remains strong, traditional radio advertising revenue has declined, and the company emerged from Chapter 11 bankruptcy last year, cutting its debt from $16 billion to $6 billion.) Recession Plans at the Big 3 Radio Groups. iHeartMedia laid off hundreds of radio DJs. Sure, you can market digitally, you can market online, you can run an ad and it shows up on Facebook. DJs blame the executives. The morning show on Radio 95.1, however, has been . 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. Lack of support for new hires. January 17, 2020. 1. The Trump Administration Could Make It Worse Scripps exits the podcast sector, radio. By Ben Miller - Staff Reporter, Feb 17, 2021. iHeart Media Inc. said it's buying Triton Digital of Los Angeles from The E.W . 2021 Annual Report PDF Format Download PDF 1.25 MB. No matter who does it next, iHeart was the bad-guy first, the former employee says. The 100 Best Albums of 2022. Paying more for less/worse content drove even more readers away. Though smaller markets seem to be taking the brunt of it, 96.5 KISS FM, Cleveland's Top 40 station, was hit hard. They do not have any managers of color and if they do, I would be curious to know how fair they are being treated. Are Older Listeners the Key to Unlocking Streamings Growth Potential? My coworkers, who are equally as miserable but stuck, are very nice. 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. This rating reflects the overall rating of iHeartMedia and is not affected by filters. Lots of opportunities and growth, of course, all depending on which team. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Among the people whose departures have been made public so far are: Lance Houston exits as Program Director of Country 101.7 The Bull WBWL. Apr 2021 - Present 2 years. 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. 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. Featured Artists. Mason Lafayette the afternoon host of Mobile, Alabama's MIX 99.9 (WMXC) is one of the iHeart cuts. Theyre getting a lot of mileage out of their existing content. 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.. 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. 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. No career growth No bonus No annual raises, you will not receive a raise in this position, EVER OT opportunities are taken away or limited Poor management Toxic work environment Upper management will throw you under the bus to make themselves look better You are treated like a number & they make it known There's no career growth bc they want this position to be high turnover so they do not have to give out raises no matter how long you've worked there or how successful you are in your position, I worked here for over 2 years.. Good luck taking a vacation, you'll be expected to schedule content weeks before your trip in order for your accounts to be covered.. essentially work OT without pay so that content is constantly posted. The Seattle-based company is delaying the beginning of construction of PenPlace, the second phase of its headquarters development in Northern Virginia . 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. Now, everything going out over those airwaves could be made in New York and beamed in from afar. iHeart Media buys L.A.'s Triton Digital from Scripps for $230 million. Late last Friday, word began rapidly circulating about numerous high profile personnel cuts within Beasleys on-air and programming ranks. So He Built His Own, A Breath of Fresh Air: How Giveon Became R&Bs King of Warmth, It Started as a College Project. It has reportedly caught the eye of antitrust officials with its not-yet-official plans to buy the radio giant. Read the full article now Forward to a friend. Toni Foxx departs The Big Show in mornings at Country 99.1 WQIK after nineteen years. iHeartMedia laid off hundreds of radio DJs. iHeartMedia was able to wipe away much of its local presence thanks to a recent decision made by the Federal Communications Commission. Denver's independent source of 49% of employees would recommend working at iHeartMedia to a friend and 45% have a positive outlook for the business. . 2021. Since the layoffs, they've been inundated with messages . You may get shitstorms on social media. (Many declined to comment, citing the same reason.) IHeart emerged from Chapter 11 in early 2019, shaving $10 billion off its debt. 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. 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). Powered by Vipology, on JVs Family, Colleagues Facing Hard Reality, on Bardin Joins WMG As Pres. Executives blame AI. Make a one-time donation today for as little as $1. Have a great weekend! Join the Westword community and help support That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. Gayle Troberman, Executive Vice President and Chief Marketing Officer for iHeartMedia. Rochester, New York, United States In charge of producing the WHAM Morning News. Is AI to blame? 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. Powered and implemented byFactSet Digital Solutions. The Seattle-based company is delaying the beginning of construction of PenPlace, the . This website uses cookies. We're bringing together the most influential and trusted voices in Black culture for conversations around social justice, pop culture, sports, mental health, news, and comedy. Today's $200 million plan comes after the company announced $50 million in savings early . 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.. You will be away from home quite often. https://www.democratandchronicle.com/story/news/2022/06/17/pete-kennedy-the-mayor-rochester-ny-radio-host-among-those-let-go-iheartmedia-cuts/7657086001/. 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. At iHeartMedia, Inc., we promise to treat your data with respect and will not share your information with any third party. To take all the local DJs off the radio in the Number One station, that says a lot, Ledyard notes.

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