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iHeartMedia Announces Cost Savings Initiatives

Discussion pertaining to Detroit, Ann Arbor, Port Huron and SW Ontario
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audiophile
Posts: 9236
Joined: Sat Dec 04, 2004 9:21 pm
Location: Between 88 and 108 MHz.

iHeartMedia Announces Cost Savings Initiatives

Unread post by audiophile »

Take this with grain of salt, it's a press release.

https://investors.iheartmedia.com/news/ ... fault.aspx
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!
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rugratsonline
Posts: 496
Joined: Sat Dec 04, 2004 1:20 pm

Re: iHeartMedia Announces Cost Savings Initiatives

Unread post by rugratsonline »

I was expecting them to announce that they're downgrading from a radio equivalent of McDonald's to a radio equivalent of a 7-Eleven.
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RadioRat
Posts: 48
Joined: Sat Sep 12, 2015 10:15 pm

Re: iHeartMedia Announces Cost Savings Initiatives

Unread post by RadioRat »

They're going to save $150 million by cutting executive salaries and 401(k) matches? That doesn't seem likely...
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