Clear Channel Begins Layoffs
SA Based Media Conglomerate Begins Layoffs
SAN ANTONIO - San Antonio-based Clear Channel Media has begun layoffs in what they're calling a "regional market strategy shift."
Several sources confirmed the media conglomerate laid off several hundreds employees nationwide on Wednesday.
A few dozen of those were corporate employees based in San Antonio.
In August, Clear Channel released an 8-percent, second-quarter revenue growth.
Clear Channel spokesperson Wendy Goldberg said the layoffs have nothing to do with cutting costs, but instead are a shift in focus to platforms such as iHeartRadio.
Goldberg said unfortunately jobs will be eliminated, some on-air talent, some behind the scenes.
Goldberg also said they are doing their best to help those affected through this transition.
The changes come less than a month after Clear Channel announced the arrival of new Chief Executive Officer Bob Pittman.
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