<\/a>Trace Hamilton<\/p><\/div>\n
In an email to employees announcing a \u201cnew organizational structure\u201d and \u201ctechnology transformation\u201d throughout the company, iHeartMedia chairman\/CEO Bob Pittman and president\/COO Rich Bressler wrote:<\/p>\n
As we move to more fully utilizing our investments in technology there will be some employee dislocation \u2013 some by geography and some by function \u2013 which is the unfortunate price we pay to modernize the company. We have had to make some tough decisions, and in the process some employees have been affected. Please know we were thoughtful in this process and have provided enhanced severance benefits as well as outplacement assistance for any impacted employees, and we want to thank them for the valuable contributions they have made.<\/em><\/p>\nTaken together, our transformation and modernization initiatives are essential to being competitive in 2020. They are intended to improve the way we operate and build new products while enabling us to better serve our partners and communities now and in the future.<\/em><\/p>\nThese new initiatives are critical to not only continuing iHeart\u2019s leadership position as the number one audio company in America but accelerating it. We are embracing our future. Thank you for joining us on this journey as we all look forward to an exciting new decade of growth, innovation and leadership.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Three evening personalities in Chicago were among an unspecified number of full-time employees laid off Tuesday in a massive restructuring of iHeartMedia stations nationwide. The Chicago hosts affected are Chris Michaels of urban adult-contemporary WVAZ FM 102.7, DJ MoonDawg (whose real name is Michael Muniz) of urban contemporary WGCI FM 107.5, and Trace Hamilton of... Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/24112"}],"collection":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/comments?post=24112"}],"version-history":[{"count":5,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/24112\/revisions"}],"predecessor-version":[{"id":24120,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/24112\/revisions\/24120"}],"wp:attachment":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/media?parent=24112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/categories?post=24112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/tags?post=24112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}