iHeartMedia has begun a sweeping restructuring of its programming organization that includes staff reductions across dozens of markets as the company works toward an additional $50 million in annualized cost savings announced earlier this year.
The restructuring follows iHeartMedia's first-quarter announcement that it would launch a new cost-saving initiative in the second half of 2026, adding $50 million in annualized savings to the $100 million in previously announced reductions already planned or underway. Industry reports indicate the latest layoffs affect employees in programming and on-air roles across multiple markets, although the company has not disclosed the number of positions eliminated.
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