As insane as it is to call mass firings “dislocations” and their replacements emanating from “excellence centers”, here’s a significant series of firings that portends even more trouble ahead at iHeartMedia.
The math shows over 1,000 firings in a few days a little over a week ago.
Most of the victims were in programming, operations or were talent.
But not all – iHeart used the programming RIFs as a cover to eliminate other big salaries such as that of Jerry Schemmel, the ten-year veteran of Colorado Rockies play-by-play. Obviously, Schemmel cannot be replaced by an “excellence center” or digital technology.
But there’s more.
Right in the midst of this massive programming RIF, iHeart chipped away at another source of unnecessary salaries and nobody has noticed.
Until now.
Recent Posts
- Radio’s New Vulture Investors
- Slamming the Door on Digital
- Reinventing Radio as a Startup
- iHeart’s Trade Problem
- Radio’s Angry New Lender/Owners
- Nielsen’s Predictive Ratings
- Radio Stations Are Cheap. Should You Buy One?
- What’s Really Going on with iHeart & SiriusXM
- The Erosion of Radio’s Digital
- The Unintended Consequences of the CBS Radio News Shutdown