I'm doing the job of about 7 people and getting paid exactly what I was in 2013. 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. 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. Its dominated by massive corporate structures, and the communities that we need to service get lost in the shuffle between the giants., Rampant consolidation inherently homogenizes viewpoints and music played across the country, added Rachel Stilwell, a music attorney who was part of a recent coalition that aimed to, The Culling Has Begun: Inside the iHeartMedia Layoffs, Russ Doesnt Trust Other Labels. Theres plenty else to dig into here. Thats good to hear! 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. (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." Featured Artists. Paying more for less/worse content drove even more readers away. Broad knowledge of local, national and international affairs (e.g. 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. iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. 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. That is good news for Spotify, which has bet big (if not podcasting-big) that audiobooks are the next big-revenue vertical. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. 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. 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. 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). Toni Foxx exits The Big Show in mornings at Country WQIK (99.1 WQIK). Strict deadlines are a problem. Though smaller markets seem to be taking the brunt of it, 96.5 KISS FM, Cleveland's Top 40 station, was hit hard. Spreaker is currently the third-most-used podcast host, according to Livewire Labs, but far behind leaders Buzzsprout and Anchor. As of 2019, iHeartRadio . Reactions: im4cyclones , beentherebefore and Doc Mychal Maguire exits the PD post at Hip Hop WBTP (95.7 The Beat). Glassdoor has 2,430 iHeartMedia reviews submitted anonymously by iHeartMedia employees. Cost of living goes up, your pay NEVER will. Theyll still be able to suggest songs. But it also means that there are fewer local DJs talking about local things that matter deeply to their own communities., With iHeartMedia taking this step to further hollow out its local presence, its easy to imagine that other big radio chains like Cumulus, Entercom, or Townsquare Media will do the same. iHeartMedia is in the midst of another road of layoffs. 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. (AP Photo/Jeff Chiu, File) By The Associated . If you have a desire to work in the Broadcast arena, they offer the opportunity to work in your field. What they do give you is more and more work as they love to fire people and not fill those positions, they just spread the work around to the remaining miserable shlubs. Most artists want to hear their song on the radio. Listen To The Most Popular Podcasts On iHeartRadio! Also cut Wednesday was Jordan JRDN , https://www.radioworld.com/news-and-business/headlines/reports-iheartmedia-makes-cuts-to-engineering-staff. So far we have heard of dismissals from programming, on-air, and digital departments across the country. 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. You can check out the full report on Edisons website. You must have JavaScript enabled to fill out this form. 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. IHeartMedias stock price was up close to 3 percent Wednesday afternoon. Comfortable yet professional presence on camera CEO Bob Pittman said Q4 was iHeart's best quarter for revenue and adjusted earnings in company history. You will live in constant fear of losing your job and be abused by the sales staff and sales management, no joke, ABUSE. Tim Moore exits the SVP/Programming post for Manchester and Portsmouth NH clusters. 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 . Foster was also corporate News/Talk Brand Coordinator. IHeart emerged from Chapter 11 in early 2019, shaving $10 billion off its debt. 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. Billboard is a part of Penske Media Corporation. America's largest radio station owner iHeartMedia filed for Chapter 11 bankruptcy protection in the wee hours of Wednesday night/Thursday morning. 2023 Billboard Media, LLC. 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. 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. (See table 7.) https://www.democratandchronicle.com/story/news/2022/06/17/pete-kennedy-the-mayor-rochester-ny-radio-host-among-those-let-go-iheartmedia-cuts/7657086001/. 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. 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. June 22, 2022; a la carte wedding flowers chicago; used oven pride without gloves; iheart layoffs 2021 . The layoffs seemed to particularly anger listeners of the Des Moines, Iowa sports station KXNO. 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 . iHeartMedia laid off a number of employees this week. 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. As in previous years, that rate was a good chunk higher amongst men than women 46 percent of men reported listening to a podcast in the last month, compared to 39 percent of women. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. FILE - A sign at Twitter headquarters is shown in San Francisco, Dec. 8, 2022. We are thrilled to partner with SeeHer for the third year in a row on International Womens Day to produce a special that not only shares the incredible, eye opening stories of leading women in the music industry, but will also inspire other women to take that leap and pursue a career they are passionate about." Cost of living is considerable more and we're all struggling, we don't care about how great we're doing *for you and your bank accounts. 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 . On April 24, 2020, North Jefferson News in Gardendale, Alabama, announced it was merging with sister paper The. 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. The 2021 iHeartRadio Music Awards are returning on May 27th, and the nominees for this year's show have officially been revealed. iHeartRadio (often shortened to just "iHeart") is an American freemium broadcast, podcast and radio streaming platform owned by iHeartMedia.It was founded in August 2008. They do not offer fair pay wages that are conducive to the talent or the market. 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. iHeartMedia controls more than 800 radio stations and paid Pittman more than $14 million in 2017, according to published reports. Another round of employee cuts at iHeartMedia last week appears to include reductions in engineering departments at its broadcast operations. [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. Previously, to get a broadcast license in Sheboygan, Wisconsin, there would have to be a manned studio in town. Available to work on a flexible schedule Now, we dont do that either.. 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 100 Greatest TV Shows of All Time 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. Some called for a boycott of the company. iHeartMedia laid off hundreds of radio DJs. P!nk on fighting for what's right, being over your feuds, and why performing is therapy. They never should have been able to leverage up to $20 Billion but hey, who's counting. Jordan JRDN Foster is out as night host at CHR 103.5 Kiss-FM WKSC. 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. 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. Audacy & iHeart Playing Dirty with Ad Rates . While layoffs have been dominating news cycles lately, Workday is moving in the opposite direction. 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. 2020 Annual Report PDF Format Download PDF 1.39 MB. 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. 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. Recession Plans at the Big 3 Radio Groups. YouTube revealed its big podcast plan, Spotify talked audiobooks, and Decoder had its first live show. Youll gain a lot of experience and knowledge that youll be able to take to your next job. Now, the company has explained why those. Youve gotten to the point where theres no such thing as a disc jockey. iHeart Media buys L.A.'s Triton Digital from Scripps for $230 million. I recommend newcomers to work at iHeart. Boston: 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. Amazon Pauses Construction on Second Headquarters in Virginia, Emilia, Big One & Callejero Fino Earn First No. This rating has been stable over the past 12 months. But the bottom line is when you wrote that song, your dream was to hear it on a full-fledged radio station. 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. The entire environment is toxic and negative, no one (besides sales since they rule all things) is happy and everyone is treated like absolute garbage. New Hampshire Were a little short on data, but you can help. The nation's largest owner of radio stations began notifying affected. He has also worked in Shreveport, Charleston and Killeen TX. 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. 2020. It has reportedly caught the eye of antitrust officials with its not-yet-official plans to buy the radio giant. Layoffs have become a regular thing at iHeart, and not just in Denver.