iHeartMedia laid off another round of employees in recent days, as the debt-plagued radio industry continues to contract during the streaming era.

Billboard

United States

iHeartMedia Faces Fresh Wave of Layoffs Amid Industry Struggles, Debt Woes

Hundreds of jobs will be slashed at iHeart Media as the debt-ridden radio and podcast giant has been crushed by music streaming, The Post has learned.

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Radio giant iHeart Media slashes hundreds of jobs amid industry struggles

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The radio and podcasting company is letting go of less than 5 percent of its workforce, which is currently around 10,000 employees.

The Hollywood Reporter

Los Angeles

Los Angeles County

California

iHeartMedia Undergoes Significant Layoffs

Photo Credit: iHeartMedia  Radio giant iHeartMedia gears up to cut hundreds of jobs as music streaming continues to crush music radio. The biggest broadcast company in the world, iHeartMedia, has started laying off hundreds of employees this week as the music radio giant faces debt amid the continued superiority of music streaming in the industry. Headed by CEO Bob Pittman, the company has been quick to point out it has cut “less than 5%” of its…

Cirrkus News

Widespread Layoffs at iHeartMedia as Music Radio Downsized

IHeartMedia, one of the largest radio and podcasting companies in the U.S., is laying off workers this week as part of a company-wide effort to reduce redundancies and streamline its operations. The media giant, which employs around 10,000 people, is cutting less than 5 percent of its workforce, according to a source familiar with the matter who spoke to The Hollywood Reporter. Source

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IHeartMedia to Lay Off Employees in Effort to Streamline Operations: ‘Very Few Jobs Have Been Affected’

From the Hawaiian Islands to New England, dozens of stations within the iHeartMedia family have parted ways with employees on multiple levels of the audio content creation and distribution company’s core radio broadcasting unit. Among the casualties is the Market President for Raleigh-Durham, and the Boston Region President. As reported by Streamline Publishing’s Radio Ink, Boston Region President Alan Chartrand has been let go after a decade in…

Radio & Television Business Report

A Significant Reduction-In-Force Effort Claims iHeart Jobs | Radio & Television Business Report

The San Francisco office of iHeartMedia. (Photo via Wikimedia Commons) Radio broadcaster iHeart Media has begun eliminating hundreds of jobs at its local stations across the country, just days before the company is set to disclose its revenue for the third financial quarter of the year. Around five percent of iHeart Media’s workforce will receive layoff notices over the coming days, and some have already been notified that their jobs have been e…

The Desk

iHeart Media executes layoffs days before Q3 financial earnings disclosure

Radio giant iHeart Media slashes hundreds of jobs amid industry struggles  New York Post  Article Attribution | Read More at Article Source The post Radio giant iHeart Media slashes hundreds of jobs amid industry struggles – New York Post appeared first on RocketNews.

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Radio giant iHeart Media slashes hundreds of jobs amid industry struggles - New York Post

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iHeartMedia Faces Fresh Wave of Layoffs Amid Industry Struggles, Debt Woes

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