Editors picks 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. 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. Each site continues to compile ongoing lists. iHeartMedia announced to investors today a plan to cut up to $250 million from its expenses for 2020. iHeartMedia, Inc. . IHeartMedia also named nine senior executives on Wednesday who will serve as division presidents under the new organizational system. Listeners expressed their outrage on Twitter after learning that some of their favorite radio personalities had been let go. This rating has improved by 3% over the last 12 months. 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.) YouTube More information is surfacing about iHeartRadio layoffs in. 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. Active social media presence. 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. Become a member to support the independent voice of Denver 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. 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. Bart Shore exits as a traffic reporter for Total Traffic & Weather Network and weekend host at AC WLIT (93.9 Lite FM). 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%. 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. Workload can be heavy during close, but that's typical for an Accounting position. The latest round of layoffs at iHeartMedia has affected two morning shows in the Twin Cities. Now, the company has explained why those. ET: iHeartMedia issued a statement to Billboard saying, Our goal is to provide our listeners with the best listening experience they can find anywhere including improved locally-focused programming. Well it finally happened. From the money earned through that tool, Spreaker takes a 40 percent cut. 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. 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 . iHeartMedia Announces Nominees For The 2023 iHeartPodcast Awards Streaming March 14 Luke Bryan, Kane Brown, Sam Hunt, Elle King, Parker McCollum, Justin Moore, Jordan Davis, Mitchell Tenpenny, and More Lead Lineup for the 2023 "iHeartCountry Festival Presented by Capital One" Late last Friday, word began rapidly circulating about numerous high profile personnel cuts within Beasleys on-air and programming ranks. January 17, 2020. In addition, subscriptions rates were increased. 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. 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). (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.) Previously: Radio's Role in Taylor Swift's Success A Recession Would Trip Radio Layoffs Shakeup in Station Management Townsquare Distances Itself from Radio Verify your email to use filters. 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. Billboard is a part of Penske Media Corporation. Before joining KBCO in 1997, Hart worked at multiple stations in Colorado Springs and Portland OR. Feb 17, 2021 10:10am PT iHeartMedia to Acquire Audio Ad-Tech Firm Triton Digital From Scripps for $230 Million By Todd Spangler Triton Digital As E.W. iHeartMedia laid off a number of employees this week. 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. Some company like Iheart can come along and buy up companies using a ton of debt. 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. 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 is unclear whether the decision to leave that spot was her own. 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. Paying more for less/worse content drove even more readers away. CEO Bob Pittman said Q4 was iHeart's best quarter for revenue and adjusted earnings in company history. iHeartMedia laid off hundreds of radio DJs. [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. Executives blame AI. Its main competitors . iHeartMedia has begun another round of layoffs after the company's revenue projections for the rest of 2022 are reportedly trending downward. This is the largest radio group, Del Colliano notes. Understanding of the newscast process In other words, expect to struggle financially, unless you can manage to build income outside of the company. 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. Also cut Wednesday was Jordan JRDN , https://www.radioworld.com/news-and-business/headlines/reports-iheartmedia-makes-cuts-to-engineering-staff. 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. Legal Statement. Spreaker is currently the third-most-used podcast host, according to Livewire Labs, but far behind leaders Buzzsprout and Anchor. 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. The label source suggests iHeart is trying to move into the Spotify and Pandora side, by structuring its business more like a digital or streaming service than a traditional radio station. Maguire previously served as SVP/Programming for iHeart Montgomery AL, Director of Urban Programming in Maco and PD of WPHH Hartford for the company. iHeartRadio owner lays off dozens including popular hosts iHeartMedia announced 9 presidents for new market divisions By James Leggate FOXBusiness Video Dozens of popular radio personalities. Find out more about salaries and benefits at iHeartMedia. This rating reflects the overall rating of iHeartMedia and is not affected by filters. iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2021. We heard a lot of different rumors, including talk about automating certain markets depending on the revenue [they generated].. 2019. Chris Williams exits as co-host at Sports 1460 KXNO and 106.3 KXNO-FM. 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. 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. Thu. Lack of support for new hires. Please enter your username or email address to reset your password. 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. Copyright 2022 RadioInsight / RadioBB Networks. I just dont think you can have a market of this size without any local talent other than a morning show., The label source is just as gloomy about what iHearts cuts say about consolidation in the radio business, noting fewer acts will get airplay as a result. Strict deadlines are a problem. IHeartMedia emerged from bankruptcy last year after seeking protection to reduce its debt by more than $10 billion in 2018. Today's $200 million plan comes after the company announced $50 million in savings early . Wednesday, June 29, 2022. 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 Townsquare's Major Expansion . 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. 49% of employees would recommend working at iHeartMedia to a friend and 45% have a positive outlook for the business. They do not have any managers of color and if they do, I would be curious to know how fair they are being treated. 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. 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. That's nearly 44,000,000 Gen Zers every week! Tell Alexa To "Play WRKO On iHeartRadio!" Read Kuhner's Weekly Columns. Price previously hosted mornings on sister AC Mix 98.9 WMXY with his tenure at the company beginning in 2001. Head of iHeart Audience Network is out as podcast revenues slow. FILE - A sign at Twitter headquarters is shown in San Francisco, Dec. 8, 2022. If you have a desire to work in the Broadcast arena, they offer the opportunity to work in your field. According to Radio Insight, Jeremy Newman is expected to stay with iHeartMedia, hosting afternoons at Country 100.5 (WDVI-FM) in Rochester. June 22, 2022 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. Copyright 2023 Penske Business Media, LLC. This material may not be published, broadcast, rewritten, or redistributed. Sorry. Mychal Maguire departs as Program Director at Hip Hop 95.7 The Beat WBTP after seven years. Pros & Cons are excerpts from user reviews. 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. (See table 7.) Normal Gossip lands at Radiotopia and Spotify ditches the heart button. San Antonio, Texas Area . Newstalk 610 CKTB is an iHeartRadio station. My coworkers, who are equally as miserable but stuck, are very nice. iHeart's role in all of this, yes iHeart! 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. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. 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. The small cuts to the product when times were good had already push some away. 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, . Now layoffs were inevitable because of lost profits. An iHeart spokesperson didnt specify the number of jobs that were eliminated, but told FOX Business that the number is relatively small because of the company'semployee base of 12,500. 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. Download Our Free iHeartRadio App! Spreaker, which was previously only available to paid customers through plans ranging from $8 to $250 per month, now offers a free basic tier. 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. You will live in constant fear of losing your job and be abused by the sales staff and sales management, no joke, ABUSE. With more than 860 live broadcast stations in 153 markets across America, there's an iHeartRadio station where you live. 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.