It’s only been about a month since iHeart ejected more than 1,000 employees, mostly programming and air talent.
Under the shock of the most massive single firing in the history of radio, iHeart also slipped in more than 50 “dislocations” of engineers/IT people, put the ball in motion on a plan to downsize 150 studios and offices in their clusters over the next three years to cookie-cutter suites that are the same in every market making it easier to plug people in anywhere with no virtual learning curve.
And they’re not done.
Katz is their massive rep firm, a virtually monopoly.
Premiere is their syndication arm.
Total Traffic grinds out traffic reports to an audience that has no trouble downloading Waze.
All this as Liberty times its takeover of iHeart and “dislocations” for these businesses that were unthinkable even a month ago are coming soon.
- Cumulus to Sell Assets
- Alpha Media Takeover Within 6 Months
- SiriusXM’s Curious Investment in SoundCloud
- Townsquare Off the Market, BUT …
- Entercom Selling Even More Stations
- Next iHeart “Dislocation” in Planning Stage
- The Future of Alpha Media
- iHeart Targeting “Dislocation” Survivors
- Entercom Hiding Growing Debt
- Liberty Slow Rolling the iHeart Merger