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2 clusters · 4 sources · 5 days · First seen · Last updated

Cumulus Media workforce reductions

Overview

Cumulus Media has implemented a series of nationwide layoffs as part of a restructuring effort while the company prepares to exit Chapter 11 bankruptcy.

Initial staff reductions targeted sales and programming positions across several markets, including Washington, DC, Columbia, SC, Mobile, AL, and Shreveport, LA. These cuts affected senior leadership in podcasting and marketing.

Subsequent layoffs expanded to include the majority of on-air personnel at Atlanta's 99X station. While traditional broadcast roles have been reduced, the company has indicated a continued commitment to its podcasting initiatives during this reorganization.

Entities

Cumulus Media · Atlanta · iHeartMedia · Alden Global Capital · Heath Freeman

Timeline

  1. 13 days ago

    [BUSINESS] 2 sources
    Cumulus Media implements nationwide layoffs affecting 99X Atlanta

    Cumulus Media has implemented nationwide layoffs, including the dismissal of most on-air staff at Atlanta's 99X, while maintaining a focus on podcasting.

  2. 17 days ago

    [BUSINESS] 2 sources
    Cumulus Media cuts staff as it prepares to exit bankruptcy

    Cumulus Media lays off sales and programming staff across multiple markets as it waits for FCC approval to emerge from Chapter 11, giving Alden Global Capital’s Heath Freeman a 32% stake.

Sources

archynetys.com · memesita.com · podnews.net · radioink.com