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.. 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. JRDN joined Kiss-FM in 2015 and was promoted from overnights and fill-ins to evening host in October 2019. Thu. Wed. 2020 Annual Report PDF Format Download PDF 1.39 MB. Audacy Check In: Rita Ora on the making of 'You Only Love Me' and the return of 'happy music'. Thats the saddest part., A daily briefing on what matters in the music industry. No matter who does it next, iHeart was the bad-guy first, the former employee says. iHEARTMEDIA has commenced another round of layoffs nationwide, and ALL ACCESS has confirmed that those being laid off include National Programming Team member and Country WBWL (101.7 THE. 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. The remaining local programmers will no longer have a direct hand in deciding what music their stations will play, says Tony Gray, a veteran urban radio consultant and president and CEO of Gray Communications. As layoffs roil the industry, from Spotify to NPR, iHeart Media is not immune. Boston: Lance Houston exits the PD post at Country WBLW (101.7 The Bull). radioinsight.com Being a journalist can be stressful. 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. iHeartMedias companywide email proclaimed that our company is built on the strength of broadcast radio the markets in which we operate and the connection of our stations to the communities they serve. But that connection may be nonexistent after Tuesday, according to several former iHeartMedia employees. Now Its the Music Industrys Hottest Recommendation Tool, prevent the FCC from doing away with local-ownership caps, Report: Sony Music Knew Of Australia Workplace Abuse Allegations For Decades, Kenny Beats Wants to Teach You About the Music Biz, BMG's CEO Has a Grand Idea for the Music Industry: Don't Screw Over Artists, Another Blockbuster Deal: Tina Turner Sells Entire Catalog to BMG, The National Stay Up Late to Perform 'Tropic Morning News' on Fallon, David Lindley, Multi-Instrumentalist Who Shaped the Sound of Soft Rock, Dead at 78, Suki Waterhouse Won't Take Romance for Granted on New Single 'To Love', Travis Barker Says His Finger Ligament Surgery Was a 'Success' After Postponing Blink-182 Tour. Boston: 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. Mason Lafayette the afternoon host of Mobile, Alabama's MIX 99.9 (WMXC) is one of the iHeart cuts. Newstalk 610 CKTB is an iHeartRadio station. Scripps exits the podcast sector, radio. [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. 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. Are Older Listeners the Key to Unlocking Streamings Growth Potential? 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. Have a great weekend! 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. 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 . Another round of employee cuts at iHeartMedia last week appears to include reductions in engineering departments at its broadcast operations. Their influence has gotten less and less. 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,. 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. 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. [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. Update 12/1: After a slowdown over the Thanksgiving holiday, the iHeartMedia layoffs have picked back up as the Atlanta cluster saw cuts today. iHeartMedia, Inc. (Nasdaq: IHRT) today reported financial results for the quarter and year ended December 31, 2021. All rights reserved. They do not have any managers of color and if they do, I would be curious to know how fair they are being treated. At least 6,154 news organization workers, which includes both editorial and non-editorial staffers, were laid off beginning March 2020 through August 2021. Courtesy of iheartmedia . Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. IHeartMedia also named nine senior executives on Wednesday who will serve as division presidents under the new organizational system. 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. 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 . Available to work on a flexible schedule 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. Read employee reviews and ratings on Glassdoor to decide if iHeartMedia is right for you. 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 . Shore previously spent seventeen years as a traffic reporter for News 780 WBBM and earlier in his career programmed KRNA Iowa City. Diversity in Radio Is Vanishing. As the company stated in Thursday's annual earnings. 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 . Jacksonville Toni Foxx exits The Big Show in mornings at Country WQIK (99.1 WQIK). 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. . 49% of iHeartMedia employees would recommend working there to a friend based on Glassdoor reviews. 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. 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. Chicago: Jordan 'JRDN' Foster exits as night host at CHR WKSC (103.5 Kiss FM). 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. That year-over-year growth rate also decelerated over the course of 2022, going from 78 percent in the first quarter to 60 percent in the second quarter, 42 percent in the third quarter, and finally to 17 percent in the fourth quarter. He did not specify what that would entail, but I will be curious to see who takes van Mosels spot and how iHeart will shift its strategy to regain that growth. 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. 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. This material may not be published, broadcast, rewritten, or redistributed. Ive seen this coming, agrees DJ Sab, who lost his radio role in Cincinnati. Verify your email to use filters. Nov 2016 - Aug 2021 4 years 10 months. (AP Photo/Jeff Chiu, File) By The Associated . 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. 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. 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. Audacy & iHeart Playing Dirty with Ad Rates . Foster was also corporate News/Talk Brand Coordinator. New York, N.Y. - June 16, 2021 - iHeartMedia today announced the lineup for the 2021 iHeartRadio Music Festival, the annual legendary concert event on Friday, Sept. 17 and Saturday, Sept. 18 at Las Vegas' hottest entertainment venue, T-Mobile Arena, and its Daytime Stage at the iHeartRadio Music Festival on Saturday, Sept. 18 at the new . Our website provides local and national news, radio show podcasts, contests, local weather, events and concerts. Jerry Schemmel, the play-by-play voice of the Colorado Rockies, is among those who were laid off by iHeartRadio in Denver. Theres plenty else to dig into here. 2021 Annual Report PDF Format Download PDF 1.25 MB. iHeartMedia laid off hundreds of radio DJs. 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. ' Billboard could not confirm the exact number of layoffs and iHeartMedia would comment on that. image=9270478]. How Should RTD Deal With the Drug Problem on Trains? 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. As layoffs roil the industry, from Spotify to NPR, iHeart Media is not immune. AJR's Visit at 96.5 TDY's Artist Lounge. Dave Hilton exits as Production Director after 23 years. Sources tells us the RIF will be hitting programming, on-air, and digital departments, once an area of growth, across the country. 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 Just Screwed Itself . Roger Rocket Keeler exits as Imaging Director after 28 years with the cluster. 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). It was founded in August 2008. (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." June 22, 2022 Proven work experience as a news anchor Jess Aleshire exits as Regional Production Director for Minot, Bismarck & Dickinson ND and midday host on Rock 105.3 The Fox KZPR Minot. 2019. 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. While layoffs have been dominating news cycles lately, Workday is moving in the opposite direction. 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. This company will NEVER give you a raise or cost of living increase. Now, everything going out over those airwaves could be made in New York and beamed in from afar. Now layoffs were inevitable because of lost profits. But the bottom line is when you wrote that song, your dream was to hear it on a full-fledged radio station. Reactions: im4cyclones , beentherebefore and Doc At iHeartMedia, Inc., we promise to treat your data with respect and will not share your information with any third party. 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. Management is alright. iHeartMedia has announced its Q4 financials, reporting $1.13 billion in revenue. The Seattle-based company is delaying the beginning of construction of PenPlace, the . 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. iHeart Media have announced cuts in hope of saving $250m. 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. Back in January 2020, prior to the start of the COVID-19 pandemic (which prompted furloughs in Colorado months later), as. 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. Then they rinse and repeat with new hires iHeartMedia has an overall rating of 3.2 out of 5, based on over 2,430 reviews left anonymously by employees.
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