Copyright 2020 RAMP Media, Inc. All rights reserved. Also cut Wednesday was Jordan "JRDN" Foster, nighttime personality at iHeartMedia Top 40 WKSC 103.5-FM.. A native of Syracuse, New York, and graduate of Syracuse University, Foster began his career as the rap artist Jay Foss before joining iHeartMedia Chicago in 2015. 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. Bart Shore exits as a traffic reporter for Total Traffic & Weather Network and weekend host at AC WLIT (93.9 Lite FM). our management team has found ways to reduce our company's expenses without resorting to permanent layoffs. 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. 2020. This site is protected by reCAPTCHA Enterprise and the Google. By Ben Miller - Staff Reporter, Feb 17, 2021. iHeart Media Inc. said it's buying Triton Digital of Los Angeles from The E.W . September 02, 2021. Ability to work under stressful conditions and strict deadlines 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." 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 You may get shitstorms on social media. (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.) FILE - A sign at Twitter headquarters is shown in San Francisco, Dec. 8, 2022. They are not authored by Glassdoor. Total earnings in 2022 increased 7% to $316 million, compared to $294 million in the prior-year period. Ability to improvise in a live on-camera setting Audiobooks (thats right, ya girl is not gonna miss an opportunity to talk audiobooks). Reports: iHeartMedia Makes Cuts to Engineering Staff, Syracuse, Rochester radio DJ Mayor Pete Kennedy out after , Pete Kennedy, The Mayor, among those let go in iHeartMedia , Three Architects of Denvers iHeart Radio Empire Are Out, iHeartRadio Layoffs During Pandemic Show Its Challenges , Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Its main competitors . 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. 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.. Tuesday's layoffs sent a ripple through the company, as employees' phones started lighting up with texts in the middle of breakfast. Ill see you Tuesday. Native Hawaiian or Other Pacific Islander, In celebration of International Women's Day on March 8, iHeartMedia presents the third annual iHeartRadio SeeHer Hear Her: Celebrating Women Who Make Music & Culture, a celebration of women who make music, influence change, and sew the fabric of our culture. Ive heard there are as many as 850 people without jobs today from iHeartMedia. , I heard there are going to be more [cuts] coming all week, adds the other former employee. As the CEO of the company, Bob will voluntarily take no salary for the remainder of the year and has given up his annual incentive . 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As of 2019, iHeartRadio . I suspect they will both win, one way or another, he says. His departure comes less than a month after podcasting head Dawn Ostroff announced she was leaving. Two of radio's biggest chains announce layoffs and furloughs as the economy continues to collapse amid the coronavirus epidemic infecting the globe with Entercom and iHeartMedia announcing a reduction of their workforce, suspension of 401k contributions and pay cuts. Now, everything going out over those airwaves could be made in New York and beamed in from afar. That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. Reactions: im4cyclones , beentherebefore and Doc 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. 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. 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! My coworkers, who are equally as miserable but stuck, are very nice. P!nk on fighting for what's right, being over your feuds, and why performing is therapy. June 22, 2022 The 500 Greatest Songs of All Time 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. Some employees began to suspect that cuts were coming last week. Newstalk 610 CKTB is an iHeartRadio station. Moore joined the company in 2012 as Program Director for their Portsmouth stations and rose to his now former role in 2015. Audacy & iHeart Playing Dirty with Ad Rates . Understanding of the newscast process iHeartMedia laid off a number of employees this week. IHeartMedias stock price was up close to 3 percent Wednesday afternoon. According to anonymously submitted Glassdoor reviews, iHeartMedia employees rate their compensation and benefits as 2.7 out of 5. Every Tuesday receive analysis, insights, and commentary on the growing podcast industry. The small cuts to the product when times were good had already push some away. Send us a tip using our anonymous form. Gayle Troberman, Executive Vice President and Chief Marketing Officer for iHeartMedia. The cuts come as the company continues to implement operational changes that began in the wake of the widescale cuts of January 2020. That may be part of why few in radio were surprised by the cuts to local talent. According to Radio Insight, Jeremy Newman is expected to stay with iHeartMedia, hosting afternoons at Country 100.5 (WDVI-FM) in Rochester. Maguire previously served as SVP/Programming for iHeart Montgomery AL, Director of Urban Programming in Maco and PD of WPHH Hartford for the company. Some company like Iheart can come along and buy up companies using a ton of debt. Its a lot easier to get rid of people if you dont have to have any physical location where the public can come in and figure out whats happening at your station, says Jessica Gonzlez, co-CEO of Free Press, a media watchdog group. (See table 8.) Are Older Listeners the Key to Unlocking Streamings Growth Potential? 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. 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. Dont expect a raise either. That is a truly respectable number, but perhaps their expectations were set high because of the 148 percent growth the segment experienced in 2021. 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. Read employee reviews and ratings on Glassdoor to decide if iHeartMedia is right for you. You must have JavaScript enabled to fill out this form. 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. Cost of living goes up, your pay NEVER will. 2021. 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. 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. YouTube More information is surfacing about iHeartRadio layoffs in. Weekly podcast listening stats also improved significantly, with 31 percent of respondents saying they listened to a podcast in the past week, up from only 26 percent last year. The Seattle-based company is delaying the beginning of construction of PenPlace, the . The. 2023 Billboard Media, LLC. Each site continues to compile ongoing lists. Listen To The Most Popular Podcasts On iHeartRadio! The move comes at a time when the company is anxious about growth. The culling has begun, wrote one member of a Facebook group for people in radio. (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." Responsible for pulling cuts, posting on social media, making scripts and voicers . Cool industry with concerts, radio, events, etc. Max Cutler most recently oversaw content partnerships. latest round of layoffs affecting the broadcasting giant, he'd given Rosen permission to use racial slurs, this 2008 post dates from his previous gig, as many as 1,500 jobs were slashed nationwide. 3, 2023 at 9:04 AM PST | Updated: 17 minutes ago. radioinsight.com 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. The future of this company is in shambles, financial statements tell you all you need to know! Courtesy of iheartmedia . local news and culture, Michael Roberts 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. Others will say, Hey, we cant operate in this world with a program director. , In fact, iHeartMedias move gives other radio chains cover if they want to pursue the same strategy. You will see many bad things while being a journalist. Since the layoffs, they've been inundated with messages . Another round of employee cuts at iHeartMedia last week appears to include reductions in engineering departments at its broadcast operations. Wed. I would say if you're going to get an offer, please negotiate this hard. 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. Boston: Lance Houston exits the PD post at Country WBLW (101.7 The Bull). Lots of opportunities and growth, of course, all depending on which team. So He Built His Own, A Breath of Fresh Air: How Giveon Became R&Bs King of Warmth, It Started as a College Project. 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%. While only a handful of names are listed, there are many others that for multiple reasons have not yet made their departures public. Amazon Pauses Construction on Second Headquarters in Virginia, Emilia, Big One & Callejero Fino Earn First No. Lance Venta is Owner and Publisher of RadioInsight.com. CEO Bob Pittman said in a press release Tuesday that iHeartMedias move will allow the company to modernize its operations and infrastructure. Brian Price exits as afternoon host at Classic Rock 93.3 The Wolf WNCD and Creative Production Designer for the National Programming Group. Thu. Shore's departure coincided with a wave of layoffs this week at iHeartMedia radio stations nationwide. Of Technology, on Saga Snags Schulze As Director, E-Commerce, on Laden Named News Director, AM Anchor, WABC, on Pratt Upped To APD At Praise Charlotte, on Audacy Denver Launches Front Range Country, Laden Named News Director, AM Anchor, WABC, Audacy Denver Launches Front Range Country, Spotify Restructures, Lays Off 6% Of Force, Beasley Downsizing In Boston, Tampa, More, JVs Family, Colleagues Facing Hard Reality, Saga Snags Schulze As Director, E-Commerce, Mailing Address: 25876 The Old Road #254, Valencia, CA 91381. Editors picks 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. Lo 30 Hi 44. 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. Listen to live radio! Previously, to get a broadcast license in Sheboygan, Wisconsin, there would have to be a manned studio in town. YouTube revealed its big podcast plan, Spotify talked audiobooks, and Decoder had its first live show. You will live in constant fear of losing your job and be abused by the sales staff and sales management, no joke, ABUSE. Jordan JRDN Foster is out as night host at CHR 103.5 Kiss-FM WKSC. 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. Jacksonville Before joining KBCO in 1997, Hart worked at multiple stations in Colorado Springs and Portland OR. 1 on Billboard Argentina Hot 100 Chart, We Thought You Should Know: Morgan Wallen Tops Country Airplay Chart for Third Week, Publishers Quarterly: Taylor Swift Rules With Anti-Hero, Sony and Universal Duel for No. You will be overworked and take on so many extra responsibilities with no pay and management is awful. All Rights reserved. Read the full article now Forward to a friend. As of 2019, iHeartRadio was functioning as the national umbrella brand for iHeartMedia's radio network, the largest radio broadcaster in the United States with 128 million registered users as of 2019. (Many declined to comment, citing the same reason.) At iHeartMedia, Inc., we promise to treat your data with respect and will not share your information with any third party. 49% of iHeartMedia employees would recommend working there to a friend based on Glassdoor reviews. political, economic, legislative and cultural) 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. 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. 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. Download Our Free iHeartRadio App! to get free tickets to concerts and music events. iHeartMedia has begun another round of layoffs after the company's revenue projections for the rest of 2022 are reportedly trending downward. Ive seen this coming, agrees DJ Sab, who lost his radio role in Cincinnati. He has also worked in Shreveport, Charleston and Killeen TX. Dozens of popular radio personalities across the U.S. were laid off as station owner iHeartMedia announced a major reorganization this week. Audacy Check In: Rita Ora on the making of 'You Only Love Me' and the return of 'happy music'. A top ad executive is out as podcast revenue tapers off. In November, iHeartMedia reported it took in more than $1.6 billion in broadcast-radio revenue during the first nine months of 2019, . Every effort will be made to keep communication between us secret and confidential. Sorry. 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. That day of reckoning arrived this week. JRDN joined Kiss-FM in 2015 and was promoted from overnights and fill-ins to evening host in October 2019. FAQ - New Privacy Policy. It has been 10 years since my last raise, I've asked and been told no. Ive heard there are as many as 850 people without jobs today from iHeartMedia. I heard there are going to be more [cuts] coming all week, adds the other former employee. I got a lil iHeart scoop for you guys to start the weekend, plus some positive findings from the latest Infinite Dial report. Thats good to hear! Published: Mar. Our website provides local and national news, radio show podcasts, contests, local weather, events and concerts. 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. Gail Austin is out as Program Director and midday host at Country 93.7 The Bull KSD-FM. The 100 Greatest TV Shows of All Time The latest round of layoffs at iHeartMedia has affected two morning shows in the Twin Cities. Listeners expressed their outrage on Twitter after learning that some of their favorite radio personalities had been let go. 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. They never should have been able to leverage up to $20 Billion but hey, who's counting. iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. Now, the company has explained why those. iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2021. 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. Every couple of years with iHeart or Clear Channel, there were cuts cutting DJs, adding more syndication., Its so clear that deregulation has resulted in these big guys like iHeart running as lean as possible, Gonzlez says. Youve gotten to the point where theres no such thing as a disc jockey. Rochester, New York, United States In charge of producing the WHAM Morning News. Its happened to a lot of people and now it's happened to me. 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. But the actual playlists will be handled on a corporate level., This centralized, digital-focused approach is in contrast with iHearts broadcast competitors, including Townsquare Media, whose 320-plus stations emphasize regional personalities and shows about, for example, the best local pizza in Rockford, Illinois. You will be away from home quite often. Well it finally happened. Liberty, which owns SiriusXM satellite radio, also has a 4.8 percent stake in iHeart. I'm doing the job of about 7 people and getting paid exactly what I was in 2013. ALLACCESS.COM Previously: Radio's Role in Taylor Swift's Success A Recession Would Trip Radio Layoffs Shakeup in Station Management Townsquare Distances Itself from Radio Say what you want about iHeart, but theyre making some pretty smart and strategic decisions to stay afloat and morph in whats becoming a difficult media environment.This weeks layoffs, part of what former employees have called a a bloodbath cut deeply into iHeart radio stations around the U.S., particularly those in mid-major markets such as Pittsburgh and Asheville, North Carolina, The deep and unexpected cuts have shocked record labels radio-promotions departments, who have lost many of their long-standing relationships. 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. 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. At least 6,154 news organization workers, which includes both editorial and non-editorial staffers, were laid off beginning March 2020 through August 2021. 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 . Augustus also worked in the market at 98.1 WSRR and 98.9 WJZN along with a previous stint at WRBO. 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. 2020 Annual Report PDF Format Download PDF 1.39 MB. https://www.westword.com/news/denver-iheart-radio-stations-cut-kbcos-robbyn-hart-and-more-14378105, Jun 22, 2022 Layoffs have become a regular thing at iHeart , and not just in Denver. 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.. We heard a lot of different rumors, including talk about automating certain markets depending on the revenue [they generated].. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. How Should RTD Deal With the Drug Problem on Trains? Layoffs have become a regular thing at iHeart, and not just in Denver. 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). Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. June 22, 2022; a la carte wedding flowers chicago; used oven pride without gloves; iheart layoffs 2021 . America's largest radio station owner iHeartMedia filed for Chapter 11 bankruptcy protection in the wee hours of Wednesday night/Thursday morning. 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. 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. Massive Layoffs At iHeart Media. Sources tells us the RIF will be hitting programming, on-air, , https://www.rollingstone.com/pro/features/iheartmedia-mass-layoffs-937513/, Jan 15, 2020 iHeartMedia laid off a number of employees this week. Foster was also corporate News/Talk Brand Coordinator. Why would they need to produce more?, Laid-off iHeartMedia DJs and programmers arent exactly sympathetic to that point of view. 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. iHeartMedia laid off hundreds of radio DJs. Also, the term diversity is used as propaganda, and could possibly be a goal of the company, but not something that is necessarily practiced within the company. Also, there is not a union to support employees for equal and adequate pay. An iHeartRadio station. Comfortable yet professional presence on camera Home of Traffic and Weather Together on the 3s. Many people will just not like you. Are Older Listeners the Key to Unlocking Streaming's Growth Amazon Pauses Construction on Second Headquarters in Virgini Emilia, Big One & Callejero Fino Earn First 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.) Courtesy of iheartmedia The largest radio conglomerate in the country, iHeartMedia, initiated a round of mass layoffs this week,. As far as the music stations go, theres not a single local talent [left]. Theyre getting a lot of mileage out of their existing content. 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. 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. Though smaller markets seem to be taking the brunt of it, 96.5 KISS FM, Cleveland's Top 40 station, was hit hard. 1. It was founded in August 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. The majority of the cuts were inflicted on smaller markets size-30 and under, according to Del Colliano. Also cut Wednesday was Jordan JRDN , https://www.radioworld.com/news-and-business/headlines/reports-iheartmedia-makes-cuts-to-engineering-staff. The morning show on Radio 95.1, however, has been . The 100 Best Albums of 2022. 2023 FOX News Network, LLC. iHeartMedia Initiates Another Round of Staff Layoffs, More Layoffs Happening At iHeartMedia DMS, The Culling Has Begun: Inside the iHeartMedia Layoffs. In addition, subscriptions rates were increased. Last week, the company laid off at least 10 people in the podcast division, including a handful of hosts and executive producers.