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iHeartMedia Promotes McGuinness to CFO with $1.2M Salary

12/2/2025

Summary

Story summary

iHeartMedia announced the promotion of Mike McGuinness to Chief Financial Officer, effective January 1, 2026, in an SEC filing on December 1, 2025.
McGuinness, who joined iHeartMedia in 2019, will succeed Richard Bressler, who remains COO and president.
McGuinness's annual salary will be $1.2 million, with a bonus target of 150% and a long-term incentive grant valued at $1.5 million.
iHeartMedia plans to achieve $150 million in net cost savings by year-end 2025 and an additional $50 million in savings starting in 2026.

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Story summary

iHeartMedia announced the promotion of Mike McGuinness to Chief Financial Officer, effective January 1, 2026, in an SEC filing on December 1, 2025.
McGuinness, who joined iHeartMedia in 2019, will succeed Richard Bressler, who remains COO and president.
McGuinness's annual salary will be $1.2 million, with a bonus target of 150% and a long-term incentive grant valued at $1.5 million.
iHeartMedia plans to achieve $150 million in net cost savings by year-end 2025 and an additional $50 million in savings starting in 2026.