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iHeartMedia cuts dozens, restructures to save $50 M annually

6/25/2026

50 6 Full Breakdown

Summary

Story summary

iHeartMedia announced staff cuts and a programming restructure in a June 24, 2026 memo.
The cuts will affect dozens of workers, though the exact number was not disclosed.
The reductions aim to speed sales using new technology developed over several years.
Executives Tom Poleman and Ann Marie Licata said new roles will be created while the company follows a May 2026 plan to save $50 million annually, adding to $100 million in savings.

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Story summary

iHeartMedia announced staff cuts and a programming restructure in a June 24, 2026 memo.
The cuts will affect dozens of workers, though the exact number was not disclosed.
The reductions aim to speed sales using new technology developed over several years.
Executives Tom Poleman and Ann Marie Licata said new roles will be created while the company follows a May 2026 plan to save $50 million annually, adding to $100 million in savings.