6:28AM. Mutual Fund and ETF data provided byRefinitiv Lipper. iHeart's role in all of this, yes iHeart! 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. 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. Effective communication and interpersonal skills YouTube revealed its big podcast plan, Spotify talked audiobooks, and Decoder had its first live show. IHeartMedias stock price was up close to 3 percent Wednesday afternoon. 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. 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. Ability to work under stressful conditions and strict deadlines 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. 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. It was founded in August 2008. Lots of opportunities and growth, of course, all depending on which team. Home of Traffic and Weather Together on the 3s. 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. 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???? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. Enter Liberty Media, which owns controlling. (Washington Post) When iHeartMedia announced this month it would fire hundreds of workers across the country, the radio conglomerate said the restructuring was critical to take advantage of its "significant investments in technology and artificial intelligence." 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 . This rating has been stable over the past 12 months. NAB Asks FCC to Complete 2018 Quadrennial Review, Laden Joins WABC/New York as News Director and Host, Audacy Launches ''Front Range Country 103.1'' in Denver, WPZS (Praise 100.9)/Charlotte Ups Melanie Pratt to APD, iHeartMedia's Podcast Platform Spreaker is Now Free, KINK-FM/Portland Adds ''The Greg Beharrell Show''. 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. It just doesnt take a lot of money to do that the source says. iHeart Media buys L.A.'s Triton Digital from Scripps for $230 million. 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. Cost of living goes up, your pay NEVER will. Im listening to my favorite station and they didnt need to put a DJ down here in Williamsburg, he says. 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. He was also the station's Sr. Vice President of Programming. According to Radio Insight, Jeremy Newman is expected to stay with iHeartMedia, hosting afternoons at Country 100.5 (WDVI-FM) in Rochester. The cuts come as the company continues to implement operational changes that began in the wake of the widescale cuts of January 2020. Jacksonville Reactions: im4cyclones , beentherebefore and Doc Every effort will be made to keep communication between us secret and confidential. Copyright 2023 Penske Business Media, LLC. iHeartMedia laid off a number of employees this week. IHeartMedia, which describes itself as the number one audio company in America and owns more than 850 radio stations, announced the reorganization as a way to group its markets by common needs and characteristics into three divisions. iheart layoffs 2021. Breaking news when it happens. The nation's largest owner of radio stations began notifying affected. Its an exciting time at iHeart as we launch our new markets group structure to capitalize on our unparalleled reach and groundbreaking technology to create one-of-a-kind platforms and services for our employees, partners and listeners, Greg Ashlock, president of iHeartMedias markets group, said in a press release. Brian Price exits as afternoon host at Classic Rock 93.3 The Wolf WNCD and Creative Production Designer for the National Programming Group. Executives blame AI. Hilton joined the company in 1999 after seventeen years at 101.9 WCLR/WTMX where he hosted middays. 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). Though smaller markets seem to be taking the brunt of it, 96.5 KISS FM, Cleveland's Top 40 station, was hit hard. Copyright 2020 RAMP Media, Inc. All rights reserved. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. ALLACCESS.COM Boston, MA Weather. 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. It has been 10 years since my last raise, I've asked and been told no. You can unsubscribe to any of the . According to anonymously submitted Glassdoor reviews, iHeartMedia employees rate their compensation and benefits as 2.7 out of 5. iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2021. 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. This is the largest radio group, Del Colliano notes. That day of reckoning arrived this week. By Ben Miller - Staff Reporter, Feb 17, 2021. iHeart Media Inc. said it's buying Triton Digital of Los Angeles from The E.W . At least 6,154 news organization workers, which includes both editorial and non-editorial staffers, were laid off beginning March 2020 through August 2021. FILE - A sign at Twitter headquarters is shown in San Francisco, Dec. 8, 2022. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. 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. Price previously hosted mornings on sister AC Mix 98.9 WMXY with his tenure at the company beginning in 2001. In addition, subscriptions rates were increased. https://news.radio-online.com/articles/n42261/iHeartMedia-Initiates-Another-Round-of-Staff-Layoffs, Jun 9, 2022 iHeartMedia has begun another round of layoffs after the companys revenue projections for the rest of 2022 are reportedly trending downward , https://deanemediasolutions.com/more-layoffs-happening-at-iheartmedia/, Jun 10, 2022 iHeartMedia is in the midst of another road of layoffs . nick@hotpodmedia.comSignal: +1 312-509-5898. Before joining KBCO in 1997, Hart worked at multiple stations in Colorado Springs and Portland OR. 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. Understanding of the newscast process One employee who lost a job Tuesday said the station cut just about all the on-air talent except for the morning show. Also out is Total Traffic And Weather/Chicago traffic reporter Bart Shore. 2021 Annual Report PDF Format Download PDF 1.25 MB. iHeartMedia announced to investors today a plan to cut up to $250 million from its expenses for 2020. iHeartMedia Engaged Employer Overview 2.4K Reviews 248 Jobs 2.5K Salaries 469 Interviews 644 Benefits 21 Photos 571 Diversity + Add a Review iHeartMedia Reviews Updated Mar 2, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 2,224 of over 2K reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Apr 2021 - Present 2 years. 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. 2023 Billboard Media, LLC. 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. Des Moines Lance also advises stations, talent and brands on digital content strategies, programming integrations, and brand extensions. Download Our Free iHeartRadio App! Today's $200 million plan comes after the company announced $50 million in savings early . You will be overworked and take on so many extra responsibilities with no pay and management is awful. The morning show on Radio 95.1, however, has been . https://www.democratandchronicle.com/story/news/2022/06/17/pete-kennedy-the-mayor-rochester-ny-radio-host-among-those-let-go-iheartmedia-cuts/7657086001/. Courtesy of iheartmedia The largest radio conglomerate in the country, iHeartMedia, initiated a round of mass layoffs this week,. Thats good to hear! Copyright 2022 RadioInsight / RadioBB Networks. Also, there is not a union to support employees for equal and adequate pay. 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. This material may not be published, broadcast, rewritten, or redistributed. 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. Comfortable yet professional presence on camera