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.
Recent Posts
- iHeart’s Q1 Growth Masks Profitability Decay
- Townsquare’s Deceiving Earnings Report
- Radio's New Global Capital Play
- Why Billionaires Keep Buying Dying Linear Media
- How Radio Is Dealing with Fake AI Music
- How to Make Pittman & Berner Money
- A Third Cumulus Bankruptcy?
- Beasley’s New Re-fi Drama
- Astonishing “Going Concern” Verdicts
- iHeart’s SiriusXM Non-Merger