All the important people that work for iHeart Media were summoned to a meeting with Bob Pittman. They knew it would not be to discuss the Oscar awards. Clear Channel is $20 billion in debt and as sick as Sumner Redstone.
The biggest news is that the guy who has been creating iHeartRadio and the digital media platform was told to walk the plank.
The new direction is to focus more on cutting costs by increasing the amount of centrally controlled automation of programming.
This is happening at the same time the NAB is pushing Congress to pass the Orwellian named “Local Radio Freedom Act”
by the same organization that fought for over 10 years to delay issuing licenses to the Low Power FM radio stations that are local by definition, and the radio monsters unemploying all of the humans that used to work in local radio.
My head hurts.