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

I’ve been avoiding this for the last few days because I know radio is already on pins and needles but by the same token I have to let you know that as part of the shift, I have been hearing from some very good sources that iHeartmedia (formerly Clear Channel) is going to do a massive layoff on 20 (or next week). According to sources, the recent meetings are 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 when all eyes will be on the inauguration appears strategic at as an attempt to maintain the ’s good 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.