EmploymentSpectator

Clear Channel to Lay Off 590, Suspend 401(k) Matching

Radio and advertising conglomerate Clear Channel is laying off 590 people in its radio division, and suspending its 401(k) matching plan. The layoffs target programming, engineering and customer service workers. The firm announced 1,850 sales layoffs in January. Clear Channel will also suspend its matching contributions to employees’ 401(k) retirement accounts as of Thursday. Clear Channel Communications [...]

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Clear Channel lays off a Round of Employees in Missouri

General Manager of Springfield’s Clear Channel, Paul Windisch, confirmed that the company made layoffs at their site in Springfield–just part of the company’s eventual plan to cut 7% of its U.S. staff. Reports earlier this week showed that the radio and billboard company would be cutting costs: about $400 million of them. Perhaps starting with [...]

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Clear Channel Confirms: 1,850 Positions Eliminated

TCC Media Holdings, the parent company of Clear Channel Communications, has announced it is eliminating 1,850 positions, or about 9% of its staff; this is higher than expected. The dismissals are effective immediately. The company, which owns billboards and radio stations under the Clear Channel name, has been hit hard recently by a downturn in ad [...]

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Warner Bros. to Lay Off 600

Warner Bros. Entertainment is eliminating 800 jobs, or about 10% of its global workforce, becoming the latest media company to take drastic cost-cutting measures amid a deepening recession. The move is expected to save the movie and television studio more than $50 million annually in costs. Walt Disney is also expected to make substantial cuts in [...]

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Media Giant Clear Channel to Cut 1,500 Jobs

Having completed its long-rumored goal of destroying American radio, Clear Channel Communications will cut about 1,500 jobs, or 7% of its work force, in a move to save $400 million. The job cuts would mostly affect the radio station chain’s advertising salespeople. The company employs about 20,000 in total. Clear Channel is also planning to replace some [...]

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