Tag: FM
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The Slow Death of FM & AM Radio – iHeartMedia Has Cut Over 1,800 Employees Since 2019
iHeartMedia, the owner of iHeartRadio and operator of hundreds of radio stations across the United States, has reduced its overall workforce by more than 1,850 employees since the end of 2019. Company data shows the total headcount stood at 11,400 at the close of 2019 before falling to 9,550 by the end of 2025. Additional…
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A New Study Says Most People Listen to AM or FM Radio in The Car Instead of Streaming — But Is That True for You?
In an era of unlimited streaming, on-demand playlists, and podcasts covering every imaginable topic, you might assume that traditional AM/FM radio has been quietly losing the battle for your attention during the daily commute. But according to a wave of recent research, that assumption is dead wrong — at least for most American drivers. The…
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A Major Owner of FM & AM Radio Stations is Declaring Bankruptcy
Cumulus Media, one of the largest radio broadcasters in the United States, has initiated Chapter 11 bankruptcy proceedings as part of a strategic effort to eliminate a substantial portion of its outstanding debt and bolster its financial stability. The company announced an agreement with key creditors to wipe out approximately $600 million in obligations through…