iHeartMedia Faces Fresh Wave of Layoffs Amid Industry Struggles, Debt Woes ...Middle East

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iHeartMedia Faces Fresh Wave of Layoffs Amid Industry Struggles, Debt Woes
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The world’s biggest broadcast company, iHeartMedia, has laid off another round of employees in recent days, as the debt-plagued radio industry continues to contract during the music-streaming era. “Right now, it seems like the business model they’ve had the last few years, of making one person do 40 people’s jobs, is where it’s going,” says Nick Jordan, an assistant program director of Raleigh, N.C., country station WNCB until he lost his iHeart job Monday (Nov. 4). “But we did a good job, for as long as we could, keeping everything local and community-oriented.” A rep for iHeart, which owns 860 stations in 160 U.S. ma

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