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IHeart reporting layoffs at their operations also Iheart is selling their San Antonio corporate offices

Y2kTheNewOldies

Y2kTheNewOldies

radioinsight.com

iHeartMedia Layoffs Continue Into Thursday

iHeartMedia initiated a programming realignment today as it intends to scale its "new tech capabilities over the last several years".
radioinsight.com radioinsight.com

Original Report 6/23: iHeartMedia initiated a programming realignment today as it intends to scale its “new tech capabilities over the last several years”.

The realignment which comes with a round of layoffs coinciding with the end of the second quarter. In its Q1 earnings report, iHeartMedia stated that it intended to begin a new cost savings program of $50 million in the second half of 2026 in addition to the $100 million of cost cutting already planned or to have already taken place this year.

A buzz-word filled memo sent to staffers today by iHeartMedia Multi Platform Group CEO Ann Marie Licata and Chief Programming Officer Tom Poleman laid out their plans.
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iHeartMedia Corporate Headquarters

www.cbredealflow.com www.cbredealflow.com

thedesk.net

iHeartMedia's corporate office in Texas listed for sale

June 11, 2026 - The San Antonio office building that has served as iHeartMedia’s corporate headquarters for more than two decades has been listed for sale by its current owner.
thedesk.net thedesk.net

Yes I didn't think that would happen given where we are in relation to Iheart's current situation.

The 120,000-square-foot facility at 20880 Stone Oak Parkway is being marketed by CBRE National Office Partners on behalf of Net Lease Office Properties, according to a listing reviewed by The Desk.

The listing does not include an asking price for the property. The San Antonio Business Journal was the first to report the spot the listing on Tuesday.


The offering is structured as a sale-leaseback investment opportunity featuring what the listing describes as an “industry leading tenant.” iHeartMedia currently leases the entire building and is under contract through January 2035, generating approximately $2.1 million in annual base rent.

The property has long served as iHeartMedia’s corporate headquarters, dating back to the company’s days as Clear Channel Communications.
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BoboKnight said:
They’re not in a financial position to buy the building. They’ll be making their monthly rent payments to a new landlord, I guess.
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Woe to the bubble corporations that do not own their own HQ buildings..... Especially if the new landlord is a developer....
 


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