Category archives: Bob Pittman

iHeartMedia to cut costs by $250m this year, as it battles economic impact of Coronavirus

Bob Pittman: “We want our shareholders to know that we have taken immediate and proactive steps to weather this crisis.”
The post iHeartMedia to cut costs by $250m this year, as it battles economic impact of Coronavirus appeared first on Music Business…

iHeart jobs cull: Over 50 DJs and employees out as firm cites ‘significant investment’ in Artificial Intelligence

Company announces new organizational structure while laying off DJs with decades of experience
The post iHeart jobs cull: Over 50 DJs and employees out as firm cites ‘significant investment’ in Artificial Intelligence appeared first on Musi…

Daniel Ek rubbishes iHeart boss Pittman’s claim that ‘73% of Spotify’s listening comes from just 3% of their audience’

iHeart now reaches 275 million Americans monthly – more than the top two closest broadcast radio competitors combined
The post Daniel Ek rubbishes iHeart boss Pittman’s claim that ‘73% of Spotify’s listening comes from just 3% of thei…

iHeartMedia set to bounce back from bankruptcy as CEO Bob Pittman inks new four-year deal

President Rich Bressler also signs new contract with broadcast giant
The post iHeartMedia set to bounce back from bankruptcy as CEO Bob Pittman inks new four-year deal appeared first on Music Business Worldwide.

iHeartMedia strikes deal to separate itself from Clear Channel Outdoor Holdings

“We believe that the separation of the two businesses makes strategic and financial sense, and will allow each company to better achieve their individual missions.”
The post iHeartMedia strikes deal to separate itself from Clear Channel Outdoor Holding…