Home Music Industry News OH NO: iHeartmedia (formerly Clear Channel) Mass Lay-Off Rumors Thicken

OH NO: iHeartmedia (formerly Clear Channel) Mass Lay-Off Rumors Thicken

chris brown

I’ve been avoiding this for the last few days because I know is already on pins and needles but by the same token I have to let you know that as part of the industry shift, I have been hearing from some very sources that iHeartmedia (formerly Clear Channel) is going to do a massive layoff on 20 (or week). According to sources, the recent meetings said to be the birthplace of the confirmation and many sources say it’s not going to be a pretty sight.   The irony of terminating the employees at a time when all eyes will be on the inauguration appears strategic at best as an attempt to maintain the ’s stand and reputation within and outside the industry. owners   BainCapital and Thomas H. Lee Partners, have   allegedly begun the process of relieving radio personnel which some estimates state are from 200 to 1000 companywide.

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