Since the layoffs, they've been inundated with messages . Powered by Vipology, on JVs Family, Colleagues Facing Hard Reality, on Bardin Joins WMG As Pres. NEW YORK (AP) Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company's history and shifting landscape of remote work. Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. 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. This material may not be published, broadcast, rewritten, or redistributed. You will see many bad things while being a journalist. 2021 Annual Report PDF Format Download PDF 1.25 MB. Speaking of iHeart finding new ways to make money, its podcast publishing tool Spreaker is going for the Anchor play. iHeartRadio (often shortened to just "iHeart") is an American freemium broadcast, podcast and radio streaming platform owned by iHeartMedia. 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. This rating has been stable over the past 12 months. political, economic, legislative and cultural) Enter Liberty Media, which owns controlling. Save my name, email, and website in this browser for the next time I comment. As layoffs roil the industry, from Spotify to NPR, iHeart Media is not immune. The future of this company is in shambles, financial statements tell you all you need to know! 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 . Active social media presence. Now, the company has explained why those. 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, The Culling Has Begun: Inside the iHeartMedia Layoffs, Russ Doesnt Trust Other Labels. Jun 17, 2022 The conglomerate is in the throes of more layoffs , which this week included Kennedy, whose broadcasting roots run deep in Rochester. May 17, 2021 Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs A Wells Fargo analyst has predicted the largest "reduction in U.S. bank headcount in history." From the money earned through that tool, Spreaker takes a 40 percent cut. He previously spent 15 years as PD of Sports 104.3 The Fan and predecessor 950 KKFN from 1995 to 2005 and Operations Manager at Front Range Sports Network from 2010 to 2014. Its main competitors . The cuts were made shortly before iHeart disclosed 2022 earnings, in which they reported 42 percent growth in podcast revenue over the course of the year. ALLACCESS.COM 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. iHEARTMEDIA has commenced another round of layoffs nationwide, and ALL ACCESS has confirmed that those being laid off include National Programming Team member and Country WBWL (101.7 THE. 1. 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. More people who have gone public with their departure have been added to the list below. iHeart Cuts Exec Salaries, Furloughs Employees March 30, 2020 March 31, 2020 kevincarter iHeartMedia . Tuesday's layoffs sent a ripple through the company, as employees' phones started lighting up with texts in the middle of breakfast. Quotes displayed in real-time or delayed by at least 15 minutes. 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. Find out more about salaries and benefits at iHeartMedia. For other iHeartMedia employees, the first sign of trouble came early Tuesday morning, when the company sent employees an email announcing a new organizational structure. The memo, obtained by, , seemed plucked partly from a corporate-culture parody like. independent local journalism in Denver. In November, iHeartMedia reported it took in more than $1.6 billion in broadcast-radio revenue during the first nine months of 2019, . All Rights Reserved. Moore joined the company in 2012 as Program Director for their Portsmouth stations and rose to his now former role in 2015. June 22, 2022; a la carte wedding flowers chicago; used oven pride without gloves; iheart layoffs 2021 . 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. As of 2019, iHeartRadio . Ive seen this coming, agrees DJ Sab, who lost his radio role in Cincinnati. Original Report 6/8: A round of position cuts is underway at iHeartMedia this week. The changes we made are designed to do that; we are using our resources and technology to better serve our listeners, including providing even more content and programming to our local communities.), iHeartMedias 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 podcasts; and an increase in centralized, syndicated programming rather than live, local DJs. 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. Now, everything going out over those airwaves could be made in New York and beamed in from afar. iHeartMedia Layoffs Continue Across Multiple Radio Markets Here's the Latest Dylan Smith November 3, 2020 Back in April, following a series of personnel cutbacks that preceded the COVID-19. No bonus or stock options. All Rights reserved. That said, we recognize that the loss of any job is significant; we take that responsibility seriously and have been thoughtful in the process, the spokesperson said. and help keep the future of Westword, Use of this website constitutes acceptance of our. September 02, 2021. 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. iHeartMedia laid off a number of employees this week. Update 12/1: After a slowdown over the Thanksgiving holiday, the iHeartMedia layoffs have picked back up as the Atlanta cluster saw cuts today. They do not have any managers of color and if they do, I would be curious to know how fair they are being treated. 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. Are Older Listeners the Key to Unlocking Streamings Growth Potential? nick@hotpodmedia.comSignal: +1 312-509-5898. Townsquare's Major Expansion . At iHeartMedia, Inc., we promise to treat your data with respect and will not share your information with any third party. Designed by Elegant Themes | Powered by WordPress, iHeartMedia Sacramento Launches The New KISS 107.9, Amanda Ice Habrowski Named Midday Host at 93.1 The Mountain/Las Vegas. Audacy Check In: Rita Ora on the making of 'You Only Love Me' and the return of 'happy music'. Thats the saddest part., A daily briefing on what matters in the music industry. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. In the process, the company became a ripe target for a takeover bid. I would say if you're going to get an offer, please negotiate this hard. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. Paying more for less/worse content drove even more readers away. Another area that saw significant growth? 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." 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. [iHeartMedia is] very much convinced that the local aspect of radio is no longer important., Related Then they rinse and repeat with new hires iHeartMedia has an overall rating of 3.2 out of 5, based on over 2,430 reviews left anonymously by employees. Moore previously spent 21 years in Portland ME programming AC 94.9 WHOM and CHR Q97.9 WJBQ, and has also worked in Columbus OH and Bangor ME. Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. Robbie Rose and John Scott remain in mornings. We want to hear it. Is AI to blame? NEW YORK (AP) Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company's history and shifting landscape of remote work. Head of iHeart Audience Network is out as podcast revenues slow. Wed. 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 . Sean Ross, a longtime industry analyst who edits the Ross on Radio newsletter, says its unlikely that other large broadcast companies, including Entercom and Cumulus, will follow iHearts lead right away in restructuring this aggressively away from traditional radio and towards the digital business. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. 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. Before joining KBCO in 1997, Hart worked at multiple stations in Colorado Springs and Portland OR. Back in January 2020, prior to the start of the COVID-19 pandemic (which prompted furloughs in Colorado months later), as. The cuts come as the company continues to implement operational changes that began in the wake of the widescale cuts of January 2020. Bee previously has hosted mornings and nights at WOWI and has mixed at WXYV Baltimore, WBTJ Richmond and SiriusXM. Any smaller to medium market in the country lost, in all likelihood, most, if not all, of their on-air staff, the former on-air personality says. Mar 3, 2021 Its modernization initiative has resulted in layoffs in programming, sales and engineering, according to those familiar with the developments. Tim Moore is out as SVP/Programming for the companys Manchester and Portsmouth NH clusters. 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. iHeartMedia laid off a number of employees this week. Another round of employee cuts at iHeartMedia last week appears to include reductions in engineering departments at its broadcast operations. If you have a desire to work in the Broadcast arena, they offer the opportunity to work in your field. That may be part of why few in radio were surprised by the cuts to local talent. Lack of support for new hires. Boston: 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.. 49% of iHeartMedia employees would recommend working there to a friend based on Glassdoor reviews. Billboard is a part of Penske Media Corporation. You must have JavaScript enabled to fill out this form. This marks the third round of layoffs for the company this year following the massive cuts in January and the conversion of furloughs into layoffs in September. iHeartMedia controls more than 800 radio stations and paid Pittman more than $14 million in 2017, according to published reports. IHeart emerged from Chapter 11 in early 2019, shaving $10 billion off its debt. Keeler also hosted the 12pm Throwback Lunch on Alternative Channel 93.3 KTCL. Tampa audiobooks are the next big-revenue vertical. Cost of living goes up, your pay NEVER will. Available to work on a flexible schedule The Trump Administration Could Make It Worse 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. JRDN joined Kiss-FM in 2015 and was promoted from overnights and fill-ins to evening host in October 2019. iHeartMedia is in the midst of another road of layoffs. Well it finally happened. Visit our, From Banned To All-Weekend Stunt, KMLE & WPAW Goes Nonstop Morgan Wallen, Audacy Launches Front Range Country 103.1 Denver, Tino Cochino Radio Joins 106.1 Kiss-FM Dallas, News Center Maine: It was a lightning bolt: Maines WBLM celebrates 50 years of classic rock, Edison Research Releases 2023 Infinite Dial Study. 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. You may become a public figure. https://www.syracuse.com/entertainment/2022/06/syracuse-rochester-radio-dj-mayor-pete-kennedy-out-after-iheartmedia-layoffs.html. The Seattle-based company is delaying the beginning of construction of PenPlace, the . Were the ones that have to pay., 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. Head of iHeart Audience Network is out as podcast revenues slow. 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. 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. IHeartMedias stock price was up close to 3 percent Wednesday afternoon. By Ben Miller - Staff Reporter, Feb 17, 2021. iHeart Media Inc. said it's buying Triton Digital of Los Angeles from The E.W . Thats good to hear! To take all the local DJs off the radio in the Number One station, that says a lot, Ledyard notes. As well as receiving a bonus. That's nearly 44,000,000 Gen Zers every week! Additionally, Country WQIK/Jacksonville, FL morning co-host Toni Foxx (Robbie, John & Toni In The Morning) exits the station after 19 years, while New Hampshire VP/Programming Tim Moore departs after serving as PD of Active Rock WHEB, CHR WERZ (Z107), Country WTBU (95.3 The Bull), News/Talk WQSO (Newsradio 96.7) and Sports WPKX-AM after almost 10 years. Glassdoor has 2,430 iHeartMedia reviews submitted anonymously by iHeartMedia employees. Listen to live radio! 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. across the board and even if you get a promotion does not mean you will get a pay raise, Coming soon! The culling has begun, wrote one member of a Facebook group for people in radio. 2020 Annual Report PDF Format Download PDF 1.39 MB. Reactions: im4cyclones , beentherebefore and Doc 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, . Radio 95.1 - Rochester, NY - Home of Brother Wease, Rizzo & Jeff, Rover's Morning Glory at Night and The Bob and Tom Show Chicago: 49% of employees would recommend working at iHeartMedia to a friend and 45% have a positive outlook for the business. 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, in a 2019 interview. Newstalk 610 CKTB is an iHeartRadio station. No matter who does it next, iHeart was the bad-guy first, the former employee says. Strict deadlines are a problem. Become a member to support the independent voice of Denver iHeartMedia was able to wipe away much of its local presence thanks to a recent decision made by the Federal Communications Commission. Tell Alexa To "Play WRKO On iHeartRadio!" Read Kuhner's Weekly Columns. 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. Jordan JRDN Foster exits as night host at CHR WKSC (103.5 Kiss FM). You can unsubscribe to any of the . The morning show on Radio 95.1, however, has been . Now layoffs were inevitable because of lost profits. The company reports third-quarter . [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. IHeartMedia emerged from bankruptcy last year after seeking protection to reduce its debt by more than $10 billion in 2018. This further decreased ad revenue, which meant even more layoffs and/or more consolidation. Published: Mar. Boston: Lance Houston exits the PD post at Country WBLW (101.7 The Bull). 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. As layoffs roil the industry, from Spotify to NPR, iHeart Media is not immune. Theyll still be able to suggest songs. Neither van Mosel nor iHeart responded to request for comment. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. Audiobooks (thats right, ya girl is not gonna miss an opportunity to talk audiobooks). 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. Youve gotten to the point where theres no such thing as a disc jockey. Spreaker, which was previously only available to paid customers through plans ranging from $8 to $250 per month, now offers a free basic tier. Were a little short on data, but you can help. Program directors at almost every company barely choose the music anymore, he says. Boston, MA Weather. 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. Back in January 2020, prior to the start of the COVID-19 pandemic (which , https://www.billboard.com/pro/iheartradio-layoffs-pandemic-challenges-advertising-programming/, Dec 4, 2020 iHeartRadio Layoffs During Pandemic Show Its Challenges Go Beyond Lost Ads Since January, the worlds biggest broadcaster has had three rounds . 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. IHeart is the rare example of a major media company that has made the successful transformation into a 21st century media company one with unparalleled scale, reaching 91 percent of Americans each month with our broadcast assets alone, more than any other media company," Pittman said. Jordan JRDN Foster is out as night host at CHR 103.5 Kiss-FM WKSC. 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. Lance Houston exits the PD post at Country WBLW (101.7 The Bull). 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. They most recently attended, or will attend, Cannes Lions International Festival of Creativity 2021 on Jun 21, 2021. An iHeartRadio station. iHeartMedia instituted a round of cuts today focusing on engineering departments at its broadcast operations. That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. Their influence has gotten less and less. 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. Ill see you Tuesday. Diversity in Radio Is Vanishing. FILE - A sign at Twitter headquarters is shown in San Francisco, Dec. 8, 2022. 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. All rights reserved. iHeartMedia has announced its Q4 financials, reporting $1.13 billion in revenue. IHeartMedia also named nine senior executives on Wednesday who will serve as division presidents under the new organizational system. (Many declined to comment, citing the same reason.) Most artists want to hear their song on the radio. Maguire previously served as SVP/Programming for iHeart Montgomery AL, Director of Urban Programming in Maco and PD of WPHH Hartford for the company. P!nk on fighting for what's right, being over your feuds, and why performing is therapy. According to reviews on Glassdoor, employees commonly mention the pros of working at iHeartMedia to be workplace, coworkers and the cons to be senior leadership, benefits, career development. for the most part as long as you're looking at the core of the company. iHeartRadio music radio, part of the iHeartMedia company, at the company's local headquarters in the South of Market (SoMa) neighborhood of San Francisco on Oct. 13, 2017. 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. Read the full article now Forward to a friend. 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. Layoffs have become a regular thing at iHeart, and not just in Denver. Have a great weekend! 6:28AM. tides equities los angeles . iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2021. New York, N.Y. - June 16, 2021 - iHeartMedia today announced the lineup for the 2021 iHeartRadio Music Festival, the annual legendary concert event on Friday, Sept. 17 and Saturday, Sept. 18 at Las Vegas' hottest entertainment venue, T-Mobile Arena, and its Daytime Stage at the iHeartRadio Music Festival on Saturday, Sept. 18 at the new . When they do something, guess what? Join my witness protection program -- report Newstips here. Breaking news when it happens. Broad knowledge of local, national and international affairs (e.g. Our website provides local and national news, radio show podcasts, contests, local weather, events and concerts. So He Built His Own, A Breath of Fresh Air: How Giveon Became R&Bs King of Warmth, It Started as a College Project. 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 . Take 30 seconds to, iHeartMedia has an overall rating of 3.2 out of 5, based on over 2,430 reviews left anonymously by employees. I dont know how sustainable that is, this source says.