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

Y2kTheNewOldies

Y2kTheNewOldies

radioinsight.com

Comprehensive List Of Those Affected By iHeartMedia’s Cuts This Week

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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iHeart can't sell the headquarters property, because they do not own it and have not at any time since it was built in 2002. Their landlord is trying to sell it.
 
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....
 
OK heres some of the staff that have been removed by Iheart as of today. But Radioinsight has the updated list.


Miami​

Doc Reno exits afternoons at Classic Rock “Big 105.9” WBGG-FM after 24 years. Reno was also heard on Classic Rock stations across the country for the company and hosted a weekend animal show on 610 WIOD.

Minneapolis​

Jon Justice exits mornings at Conservative Talk “Twin Cities News Talk” 1130 KTLK after a decade. Justice told Alpha News, “It was a great run at KTLK iHeart. I’ve made some amazing friends along the way and I am excited for what comes next.”

Country Aircheck reports that Amy James has exited middays at Country “K102” KEEY as well as tracking stations nationally.

Monterey/Salinas CA​

Sam ‘Diggedy’ Segovia exits as Regional VP/Programming and host of the “Morning Madhouse” on Rhythmic CHR 102.5 KDON. Segovia had been in his roles at KDON since 2002 gradually adding more regional oversight stretching to markets including Fresno after previously spending five years at the company’s San Francisco cluster.
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