America’s Best Radio Company Refocuses on “Common Needs”
In an advertisement distributed to certain trade publications and posted on its Investor Relations webpage, iHeartMedia revealed “a new organizational structure for its group of markets”.
As first reported by Streamline Publishing Radio ink, jobs will be lost. The exact number is unknown, but 18 prominent names were already public by mid-afternoon Tuesday.
“[T]there will be employee relocations – some by geography and others by function – which is the unfortunate price we are paying to modernize the business. In short, iHeartMedia will now group its markets “by common needs and characteristics” – and into “three distinct divisions to make sharing of resources and experiences easier and more focused”. CEO Bob Pittman and COO / CFO Rich Bressler, in an internal memo sent to iHeartRadio employees on Tuesday and obtained by AllAccessMusicGroup
At the top is IHeartMedia Markets Group President Greg Ashlock, who will continue to lead the operation.
Under Ashlock are four divisions, including a newly created one.
The first one described by iHeart in the announcement, which the company has not distributed over commercial networks and only through its own mailing list, is the âRegional Divisionâ.
This includes the company’s largest markets, including New York and Los Angeles. This division will be headed by the division presidents Kevin legrett and Scott Hopeck.
LeGrett is currently President of the Los Angeles Market; Hopek is the president of the New York market.
Then there is a âMetro divisionâ, made up of mid-sized markets and headed by division presidents. Tom McConnell, Tony Coles and Linda Byrd.
McConnell headed the Midwest / Southeast division of iHeart, while industry veteran Coles is an executive vice president / programming who joined the company in January 2004 after successfully programming KRWM-FM and KLSY-FM at Seattle for four and a half years.
Byrd is an Orlando-based Division President and has overseen Central Florida for iHeart and its predecessor Clear Channel since 1999.
Logically, these changes result in the creation of a “community division”, which, according to iHeart, “includes markets that focus on the common needs of a community and a commercial area for most businesses and advertisers” . It will also group the markets in âgeographically close and culturally similarâ areas.
The community division will be led by the division presidents Shosh Abromovich, in Detroit and Toledo, Ohio; President of the Philadelphia region Nick gnau and Dan Lankford, who is president of iHeart’s Allentown and Harrisburg, PA stations.
The community division appointments provide insight into some of the consolidations that Radio ink is likely to come. For example, Denver and Fort Collins-Greeley could combine their forces.
Finally, iHeart is creating a new division that covers all markets – the Multi-Market Partnerships (MMP) division.
This will be led by Julie donohue, who is elevated to the post of president of MMP with responsibility for this company. She has been based in Chicago since 2015, focusing on these tasks for stations iHeart owns and operates in the country’s No.3 market.
What this means for iHeart’s Integrated Revenue Strategies group, led by the president Hartley adkins?
He merged into the iHeartMedia Markets group, with Adkins taking on the role of COO of the Markets group, working closely with Ashlock.
Meanwhile, iHeart’s AI and technology-based “centers of excellence”, which the company says “consolidate functional areas of expertise in specific locations”, will be used in all markets. .
Commenting on the movements is the President / CEO of iHeart Bob Pittman. He said, âiHeart is the rare example of a large traditional media company that has successfully transformed into a 21st century media company – a company of unprecedented scale, reaching 91% of Americans each month with our only broadcast assets, more than any other. media company. We are now using our significant investments in technology to modernize our operations and infrastructure, which further sets us apart from traditional media companies; improve our services to our consumers and advertising partners; and improving the working environment for our employees.
About employees, AllAccess Music Group noted Tuesday morning that a note sent to iHeart staff by Pittman and COO / CFO Rich Bressler discussed the âdislocation of employeesâ.
More specifically, the internal memo indicates that âthere will be relocations of employees – some by geography and others by function – which is the unfortunate price we are paying to modernize the company. We had to make some tough decisions and in doing so some employees were affected. Please know that we have been thoughtful in this process and have provided improved severance packages and re-employment assistance for all affected employees, and we would like to thank them for the valuable contributions they have made.
By 3:15 p.m. EST, the casualty list on iHeartMedia had grown long.
Start as an SVP of programming are Mike Preston in Baltimore; Chuck knight in Saint-Antoine; Gary Cee in Sussex, New Jersey; and Tom travis in Oklahoma City. Also output: Heritage of Chad, the SVP / Programming of KSSN / Little Rock and a national brand coordinator.
The Country format was particularly affected. WSIX-FM / Nashville unionized afternoon hosts and evening personalities TigÃ© and Daniel are gone. In Oklahoma City, PD / Afternoon Host Bill reed and morning host Shawn carey KXXY-FM exit, a Classic Country station.
Some of the biggest air personalities who part ways with iHeart include WWHT-FM “Hot 107.9” in Syracuse PD / Afternoon Host Kobe, aka Cory Fargo; and Wendy Rollins, Ass. PD / noon at WRDA-FM “Alt 105.7” in Atlanta. Rollins also provided weekend voice to WRFF-FM in Philadelphia and hosted lunchtime on a plug-and-play alternative iHeart âpremium choiceâ stream for several of its stations across the United States.
In Huntsville, Alabama, programmer Johnny Labyrinth no longer supports WTAK-FM and two FM translators. In Louisiana, KVDU / New Orleans and WFMF / Baton Rouge PD Jeff Haber is outside. Jacksonville WKSL “97.9 Kiss FM” say goodbye to PD Skip Kelly.
In Dayton, Bump left the programming presidency of WTUE-FM and WZDA-FM. Wichita’s KTHR-FM and KZCH-FM no longer Manny Cowzinski in the PD slot.
From Miramar, Florida, RBR + TVBR learned that Anne Urist, an on-air talent at WMIA-FM and WMIB-FM “103.5 The Beat”, has disappeared, as have WMIB and WBGG-FM “Big 105.9” Asst. PD / MD and Imaging Director Ed Nieves.
As of 3:25 p.m. EST, iHeart shares were at $ 17.24, just below its post-bankruptcy high of $ 17.32 seen on Jan.6.