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. Newstalk 610 CKTB is an iHeartRadio station. 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. The 500 Greatest Songs of All Time Youll gain a lot of experience and knowledge that youll be able to take to your next job. 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 . "People are concerned," says a source at an iHeart station. 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 . This website uses cookies. 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. The Anniston Star had one layoff, one early retirement and one employee stepped down. Copyright 2020 RAMP Media, Inc. All rights reserved. YouTube revealed its big podcast plan, Spotify talked audiobooks, and Decoder had its first live show. 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. The latest round of layoffs at iHeartMedia has affected two morning shows in the Twin Cities. The majority of the cuts were inflicted on smaller markets size-30 and under, according to Del Colliano. 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. Verify your email to use filters. Listeners expressed their outrage on Twitter after learning that some of their favorite radio personalities had been let go. 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. iHeartMedia's 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,. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Many people will just not like you. 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. Keeler also hosted the 12pm Throwback Lunch on Alternative Channel 93.3 KTCL. Published: Mar. 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. In November, iHeartMedia reported it took in more than $1.6 billion in broadcast-radio revenue during the first nine months of 2019, . iheart layoffs 2021southwest cargo phone number. Each site continues to compile ongoing lists. According to Radio Insight, Jeremy Newman is expected to stay with iHeartMedia, hosting afternoons at Country 100.5 (WDVI-FM) in Rochester. 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. Joey Morona, cleveland.com CLEVELAND, Ohio -- Cleveland radio has been impacted once again by layoffs at iHeartMedia. Earle Augustus exits as morning co-host on Adult R&B V101 KJMS and afternoon host on R&B Oldies 1070 WDIA. Tuesday's layoffs sent a ripple through the company, as employees' phones started lighting up with texts in the middle of breakfast. Lots of opportunities and growth, of course, all depending on which team. Augustus also worked in the market at 98.1 WSRR and 98.9 WJZN along with a previous stint at WRBO. 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. 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. 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 . 2021 Annual Report PDF Format Download PDF 1.25 MB. Last week, the company laid off at least 10 people in the podcast division, including a handful of hosts and executive producers. The nation's largest owner of radio stations began notifying affected. That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. IHeartMedia emerged from bankruptcy last year after seeking protection to reduce its debt by more than $10 billion in 2018. Boston, MA Weather. You will be overworked and take on so many extra responsibilities with no pay and management is awful. IHeartMedia also named nine senior executives on Wednesday who will serve as division presidents under the new organizational system. His departure comes less than a month after podcasting head Dawn Ostroff announced she was leaving. They most recently attended, or will attend, Cannes Lions International Festival of Creativity 2021 on Jun 21, 2021. Shore previously spent seventeen years as a traffic reporter for News 780 WBBM and earlier in his career programmed KRNA Iowa City. to get free tickets to concerts and music events. Why would they need to produce more?, Laid-off iHeartMedia DJs and programmers arent exactly sympathetic to that point of view. The 100 Best Albums of 2022. iHeartMedia laid off hundreds of radio DJs. The salary is extremely low. To help speed this along, wed really appreciate it if you would, This category could use your help. KDWB/101.3 morning executive producer Steve-O LaTart and "Cities 97.1" (KTCZ) morning host Hunter Quinn both announced on social media Monday that they had been let go. 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. 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. All Rights Reserved. Tampa Thats the saddest part., A daily briefing on what matters in the music industry. ALLACCESS.COM Their influence has gotten less and less. You will see many bad things while being a journalist. No bonus or stock options. The largest radio conglomerate in the country, iHeartMedia , , https://www.washingtonpost.com/technology/2020/01/31/iheartmedia-radio-artificial-intelligence-djs/, Jan 31, 2020 iHeartRadio spokeswoman Wendy Goldberg declined to make executives available for comment or provide a total layoff count, saying only that the , Layoffs at iHeartMedia drive out ace traffic reporter Bart Shore, Jun 9, 2022 Shores departure coincided with a wave of layoffs this week at iHeartMedia radio stations nationwide. iHeartMedia was able to wipe away much of its local presence thanks to a recent decision made by the Federal Communications Commission. The largest radio company in America cut a number of employees this week, dealing a blow to local radio across the country. Ability to work under stressful conditions and strict deadlines 49% of iHeartMedia employees would recommend working there to a friend based on Glassdoor reviews. 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. 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. Spotify Restructures, Lays Off 6% Of Force January 23, 2023 Spotify Daniel Ek, Founder/CEO of Sweden-based streaming giant Spotify announced extensive organizational restructuring that includes the layoff of 6% of Read more Riley Couture: Free Agent November 10, 2022 iHeartMedia, WIHT, WZFT 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, 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. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. All rights reserved. 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. 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. 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. I got a lil iHeart scoop for you guys to start the weekend, plus some positive findings from the latest Infinite Dial report. From the money earned through that tool, Spreaker takes a 40 percent cut. Toni Foxx departs The Big Show in mornings at Country 99.1 WQIK after nineteen years. 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. local news and culture, Michael Roberts iHeart owns more than a dozen stations in the Cleveland-Akron-Canton market. 2020. Audiobooks (thats right, ya girl is not gonna miss an opportunity to talk audiobooks). To illustrate iHearts new approach, Borrell says he was earlier streaming a Philadelphia rock station on an Amazon device while working in Virginia. 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. 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. It is unclear whether the decision to leave that spot was her own. Lack of support for new hires. 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. 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. Its not cause they dont want to theyre told not to. Considering the macroeconomic challenges in the current environment, we think our digital and podcasting business has performed well in the fourth quarter, but we also seek concrete ways to improve the performance going forward.. The morning show on Radio 95.1, however, has been . 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.. 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. FILE - A sign at Twitter headquarters is shown in San Francisco, Dec. 8, 2022. 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. 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 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. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. 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. 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. 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 The 200 Greatest Singers of All Time 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." 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.
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