Everyone knew this was coming but not this soon.
If the 1,000+ January firings didn’t make a dent in iHeart’s money problems, they are planning a series of firings that will.
iHeart is moving to shore up its failing financial situation made worse by the effects of the coronavirus on the economy.
The next “dislocations” are reportedly being moved up because they are burning through cash so fast several doomsday scenarios are now up for consideration.
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- Radio’s Angry New Lender/Owners
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- Radio Stations Are Cheap. Should You Buy One?
- What’s Really Going on with iHeart & SiriusXM
- The Erosion of Radio’s Digital
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