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. Lo 30 Hi 44. As layoffs roil the industry, from Spotify to NPR, iHeart Media is not immune. Some employees began to suspect that cuts were coming last week. Paying more for less/worse content drove even more readers away. iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2021. 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. across the board and even if you get a promotion does not mean you will get a pay raise, Coming soon! 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. Now, it appears that Sarah van Mosel is no longer the executive vice . This rating reflects the overall rating of iHeartMedia and is not affected by filters. As well as receiving a bonus. iHeartMedia Cuts Continue by Lance Venta June 22, 2022 0 The layoffs across the country at iHeartMedia are still ongoing. Maguire previously served as SVP/Programming for iHeart Montgomery AL, Director of Urban Programming in Maco and PD of WPHH Hartford for the company. This rating has improved by 3% over the last 12 months. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. Tim Spence exits as PD of KHOW and 600 KCOL Fort Collins, APD of KOA and Affiliate Relations Director for the Colorado Rockies and Denver Broncos networks. The layoffs come as Rolling Stone reported Tuesday iHeartMedia's two contemporary-hit radio stations in the top two markets (New York and Los Angeles) refused to play songs from Korean boy band BTS and Lil Nas X despite their successful chart runs because the songs were - and I'm paraphrasing here - "not white enough", harking back to the WKRD sports talk Afternoon hosts John Ramsey and Mike Rutherford are now out, not back after the iHeart layoffs, RADIO GIANT IHEARTMEDIA FILES BANKRUPTCY PLAN TO REDUCE DEBT. Iheartmedia Layoffs - GoLayoffs Update 12/1: After a slowdown over the Thanksgiving holiday, the iHeartMedia layoffs have picked back up as the Atlanta cluster saw cuts today. Cumulus Just Screwed Itself . 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. Copyright 2023 Penske Business Media, LLC. 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. Nov 2016 - Aug 2021 4 years 10 months. You will be overworked and take on so many extra responsibilities with no pay and management is awful. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Join us, Charlamagne Tha God, Jess Hilarious, and countless other podcasters, celebrities, brands, and tastemakers in Atlanta this spring for unprecedented live podcasts, panel discussions, games, a Black-owned business marketplace, and more! 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. Components of separations by industry 2023 FOX News Network, LLC. Now layoffs were inevitable because of lost profits. 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. Amazon Pauses Construction On 2nd Headquarters In Virginia The cuts come as the company continues to implement operational changes that began in the wake of the widescale cuts of January 2020. Job openings and quits reach record highs in 2021, layoffs and That day of reckoning arrived this week. 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. Daryl Ledyard worked for more than a decade at WBBS, a country outlet, which he says was Number One in the Syracuse, New York, area year after year for two decades. Now, the company has explained why those. But just like the recent Cumulus Media bankruptcy, the fact that this is a Chapter 11 means little will change in the radio landscape. CEO Bob Pittman said in a press release Tuesday that iHeartMedias move will allow the company to modernize its operations and infrastructure. Ive seen this coming, agrees DJ Sab, who lost his radio role in Cincinnati. That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. Enter Liberty Media, which owns controlling. political, economic, legislative and cultural) 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. At least 6,154 news organization workers, which includes both editorial and non-editorial staffers, were laid off beginning March 2020 through August 2021. Jess Aleshire exits as Regional Production Director for Minot, Bismarck & Dickinson ND and midday host on Rock 105.3 The Fox KZPR Minot. Management is alright. 2021 Annual Report PDF Format Download PDF 1.25 MB. iHeartMedia Staff Hit With Layoffs Across the Country: 'It's Been a iHeart Media buys L.A.'s Triton Digital from Scripps for $230 million. iHeartMedia Aims to Save $200 Million Via Pay Cuts, Furloughs - Variety It was founded in August 2008. 2021 iHeartRadio Music Festival Lineup Revealed: Billie Eilish & More 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. "People are concerned," says a source at an iHeart station. Bee previously has hosted mornings and nights at WOWI and has mixed at WXYV Baltimore, WBTJ Richmond and SiriusXM. iHeartMedia laid off hundreds of radio DJs. Is AI to blame? - The All Rights Reserved. To illustrate iHearts new approach, Borrell says he was earlier streaming a Philadelphia rock station on an Amazon device while working in Virginia. The nation's largest owner of radio stations began notifying affected. [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. 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.) Head of iHeart Audience Network is out as podcast revenues slow. That is a truly respectable number, but perhaps their expectations were set high because of the 148 percent growth the segment experienced in 2021. I dont know how sustainable that is, this source says. You will see many bad things while being a journalist. Our website provides local and national news, radio show podcasts, contests, local weather, events and concerts. Brown Presses iHeart Media CEO on Layoffs Financial Highlights: Q4 2021 Consolidated Results Q4 Revenue of $1,062 million up 14% YoY; exceeding prior guidance of up approximately 10% Excluding the impact of Political, Q4 revenue was up 25% YoY Q4 2021 Consolidated Revenue up 3.5% vs. Q4 2019 GAAP Operating income of $123 . We have heard of many in production roles in particular that were let go including a few who held regional or national duties on the commercial production side and on the local digital content teams. radioinsight.com Entercom, iHeartMedia announce layoffs and furloughs Greg Foster exits as SVP/Talk Programming overseeing News/Talk 850/94.1 KOA, Talk 630 KHOW, and Conservative Talk Freedom 93.7 760 KDFD. 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. Cost of living goes up, your pay NEVER will. Great work life balance, caring bosses, learning a lot, wonderful work family, work from home. Roger Rocket Keeler exits as Imaging Director after 28 years with the cluster. This further decreased ad revenue, which meant even more layoffs and/or more consolidation. That's nearly 44,000,000 Gen Zers every week! 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." 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. iHeartMedia is in the midst of another road of layoffs. A top ad executive is out as podcast revenue tapers off. Download Our Free iHeartRadio App! IHeartMedias stock price was up close to 3 percent Wednesday afternoon. 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. You will live in constant fear of losing your job and be abused by the sales staff and sales management, no joke, ABUSE. Proven work experience as a news anchor Jacksonville Spreaker, which was previously only available to paid customers through plans ranging from $8 to $250 per month, now offers a free basic tier. Program directors at almost every company barely choose the music anymore, he says. 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. Average Song Length Nose Dives . Broad knowledge of local, national and international affairs (e.g. I recommend newcomers to work at iHeart. 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. Cumulus Media, iHeartMedia The Trump Administration Could Make It Worse Robbyn Hart departs as News and Public Affairs Director and morning newscaster for AAA 97.3 KBCO and Classic Rock 103.5 The Fox KRFX after 26 years at the cluster. Update: Dozens Lose Jobs at Upper Midwest iHeart Stations New Hampshire https://www.democratandchronicle.com/story/news/2022/06/17/pete-kennedy-the-mayor-rochester-ny-radio-host-among-those-let-go-iheartmedia-cuts/7657086001/. . Thats the saddest part., A daily briefing on what matters in the music industry. Brian Price exits as afternoon host at Classic Rock 93.3 The Wolf WNCD and Creative Production Designer for the National Programming Group. Ability to work under stressful conditions and strict deadlines The largest radio company in America cut a number of employees this week, dealing a blow to local radio across the country. iHeartMedia Announces 2021 Lineup For Its Legendary 'iHeartRadio Music 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. Apr 2021 - Present 2 years. 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. All Rights reserved. ALLACCESS.COM 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 Rolling Stone, seemed plucked partly from a corporate-culture parody like Office Space. GET FOX BUSINESS ON THE GO BY CLICKING HERE. Mason Lafayette the afternoon host of Mobile, Alabama's MIX 99.9 (WMXC) is one of the iHeart cuts. tides equities los angeles . - 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. Last week, the company laid off at least 10 people in the podcast division, including a handful of hosts and executive producers. With more than 860 live broadcast stations in 153 markets across America, there's an iHeartRadio station where you live. 49% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, iHeartMedia employees rate their compensation and benefits as 2.7 out of 5. Spence joined the cluster in 2016 after programming the companys Talk and Sports stations in Hartford and New Haven CT. Lance Venta is Owner and Publisher of RadioInsight.com. 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???? 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. Listeners expressed their outrage on Twitter after learning that some of their favorite radio personalities had been let go. charlieonnafriday's visit at 96.5 TDY's Artist Lounge. 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 . Some called for a boycott of the company. Another Round Of iHeartMedia Job Cuts Is Underway - All Access iHeartRadio owner lays off dozens including popular hosts Home of Traffic and Weather Together on the 3s. Send us a tip using our anonymous 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. You may get shitstorms on social media. But the bottom line is when you wrote that song, your dream was to hear it on a full-fledged radio station. iHeart owns more than a dozen stations in the Cleveland-Akron-Canton market. Inside Music Media | Insightful Deadly Honest Entertaining 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. Neither van Mosel nor iHeart responded to request for comment. 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.. Its main competitors . When they do something, guess what? 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. Robbie Rose and John Scott remain in mornings. In 2017, the FCC succeeded in getting rid of the main studio rule, meaning that stations were no longer required to maintain a studio or any staff near the location of their broadcast license. 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. iHeart Cuts Exec Salaries, Furloughs Employees I would say if you're going to get an offer, please negotiate this hard. 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. No bonus or stock options. iHeartMedia Initiates Another Round of Staff Layoffs - RADIO ONLINE iHeart Media buys Triton Digital from Scripps for $230 million - L.A iHeartMedia has announced its Q4 financials, reporting $1.13 billion in revenue. Chicago: Find out more about, 49% of iHeartMedia employees would recommend working there to a friend, Get started with your Free Employer Profile, They Expect High Turnover For This Position So You Will Never See A Raise, Great for a resume, not for a career unless youre lucky. Well it finally happened. This website uses cookies. 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. Twitter Outage Wednesday Follows Recent Layoffs 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. Every effort will be made to keep communication between us secret and confidential. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Published: Mar. Three Architects of Denver's iHeart Radio Empire Are Out Workload can be heavy during close, but that's typical for an Accounting position. Why would they need to produce more?, Laid-off iHeartMedia DJs and programmers arent exactly sympathetic to that point of view. Shore's departure coincided with a wave of layoffs this week at iHeartMedia radio stations nationwide. Discover.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. 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. Spreaker is currently the third-most-used podcast host, according to Livewire Labs, but far behind leaders Buzzsprout and Anchor. You can unsubscribe to any of the . As the company stated in Thursday's annual earnings. 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. 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. As layoffs roil the industry, from Spotify to NPR, iHeart Media is not immune. He previously served as SVP/Programming for the Denver market and programmed KNRS Salt Lake City and WGY Albany prior to coming to Denver in 2010. iHeartMedia Layoffs Continue Across Multiple Radio Markets iheart layoffs 2021 - kestonrocks.com 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. Penelope Vargas - Associate Solutions Engineer - LinkedIn iHeartMedia Layoffs: Why Is The Audio Company Cutting Jobs? Verify your email to use filters. Theres plenty else to dig into here. Recession Plans at the Big 3 Radio Groups. Philadelphia Pop Radio Station - WTDY-FM | 96.5 FM TDY 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. Every Tuesday receive analysis, insights, and commentary on the growing podcast industry. 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.