Editing IHeartMedia (section)

===21st century===
In 2000, Clear Channel acquired [[Robert F. X. Sillerman]]'s SFX Entertainment, a [[Tour promoter|concert promoter]] that had focused on consolidation of regional promoters under a national operation.<ref>{{Cite web|url=https://www.latimes.com/archives/la-xpm-2000-mar-01-fi-4228-story.html|title=Clear Channel to Buy SFX Entertainment|date=March 1, 2000|website=Los Angeles Times|language=en-US|access-date=January 21, 2020}}</ref> In 2005, Clear Channel [[Corporate spin-off|spun off]] its entertainment and live events business as [[Live Nation (events promoter)|Live Nation]].<ref>{{Cite news|url=https://www.wsj.com/articles/SB113460359053522836|title=Clear Channel Gives Details on Spinoff Of Live Nation Unit|date=December 15, 2005|work=Wall Street Journal|access-date=January 21, 2020|language=en-US|issn=0099-9660}}</ref>

On November 16, 2006, Clear Channel announced plans to go private, being bought out by two [[private equity|private-equity]] firms, [[Thomas H. Lee Partners]] and [[Bain Capital]] Partners for $26.7 billion, which included their assumption of $8 billion in Clear Channel debt.<ref name="ahrens" /> This was just under a 10 percent premium above its closing price of $35.36 a share on November 16: the deal valued Clear Channel at $37.60 per share.<ref name="Clear-Channel-Communications-Nov-2006-8-K">{{cite web |url=http://edgar.secdatabase.com/2710/95013406021805/filing-main.htm |title=Clear Channel Communications, Form 8-K, Current Report, Filing Date Nov 16, 2006 |publisher=secdatabase.com |access-date=March 27, 2013 |archive-url=https://web.archive.org/web/20151017015818/http://edgar.secdatabase.com/2710/95013406021805/filing-main.htm |archive-date=October 17, 2015 |url-status=live }}</ref><ref name="ahrens">{{Cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2006/11/16/AR2006111600537.html|newspaper=[[The Washington Post]]|access-date=May 3, 2007|first=Frank|last=Ahrens|title=Clear Channel Sale to End Era|page=D1|date=November 17, 2006|archive-url=https://web.archive.org/web/20170905174339/http://www.washingtonpost.com/wp-dyn/content/article/2006/11/16/AR2006111600537.html|archive-date=September 5, 2017|url-status=live}}</ref>

In a separate transaction also announced on November 16, 2006, Clear Channel said it would seek buyers for all of its television stations and 539 of its smaller radio stations, because the private-equity buyers were not interested in owning television or small-market radio. Over a hundred stations were assigned to [[Aloha Station Trust, LLC]] upon the consummation of the merger. The television stations were sold to [[Newport Television]], a broadcaster owned by [[Providence Equity Partners]], on April 23, 2007.<ref name="Clear-Channel-Communications-Mar-2008-8-K">{{cite web|url=http://edgar.secdatabase.com/698/95013408005131/filing-main.htm|title=Clear Channel Communications, Form 8-K, Current Report, Filing Date Mar 20, 2008|publisher=secdatabase.com|url-status=live|archive-url=https://web.archive.org/web/20140106213935/http://edgar.secdatabase.com/698/95013408005131/filing-main.htm|archive-date=January 6, 2014|access-date=March 27, 2013}}</ref><ref name="Clear-Channel-Communications-Apr-2007-8-K">{{cite web |url=http://pdf.secdatabase.com/1684/0000950129-07-002174.pdf |title=Clear Channel Communications, Form 8-K, Current Report, Filing Date Apr 26, 2007 |publisher=secdatabase.com |access-date=March 27, 2013 |archive-url=https://web.archive.org/web/20151017015818/http://pdf.secdatabase.com/1684/0000950129-07-002174.pdf |archive-date=October 17, 2015 |url-status=live }}</ref><ref>{{Cite news|url=http://www.boston.com/business/globe/articles/2007/04/23/clear_channel_sells_tv_assets_to_providence_equity/|access-date=May 3, 2007|author=''[[Wall Street Journal]]'' newswire|work=The Boston Globe|date=April 23, 2007|title=Clear Channel sells TV assets to Providence Equity|archive-url=https://web.archive.org/web/20121010080547/http://www.boston.com/business/globe/articles/2007/04/23/clear_channel_sells_tv_assets_to_providence_equity/|archive-date=October 10, 2012|url-status=live}}</ref>

Due to the credit market crunch of 2007, Clear Channel encountered difficulty selling some of its radio stations. Clear Channel's attempt to sell off over 100 stations to [[GoodRadio.TV, LLC]] was rejected by the equity firm backing the deal.<ref name="Clear-Channel-Communications-May-2007-8-K">{{cite web|url=http://pdf.secdatabase.com/1790/0000950129-07-002280.pdf|title=Clear Channel Communications, Form 8-K, Current Report, Filing Date May 4, 2007 |publisher=secdatabase.com|url-status=live|archive-url=https://web.archive.org/web/20151017015818/http://pdf.secdatabase.com/1790/0000950129-07-002280.pdf|archive-date=October 17, 2015|access-date=March 27, 2013}}</ref> The deal then shifted to Frequency License LLC, but took longer to resolve itself as the two parties were engaged in lawsuits. On top of that, the sale of Clear Channel's television portfolio to Newport Television had also turned uncertain, as Providence considered other options, although this transaction was ultimately completed.<ref>The Florida Times-Union, ''[http://www.jacksonville.com/tu-online/stories/111007/bus_216501867.shtml Sale of Clear Channel TV stations uncertain] {{Webarchive|url=https://web.archive.org/web/20080108011510/http://www.jacksonville.com/tu-online/stories/111007/bus_216501867.shtml|date=January 8, 2008}}''. November 9, 2007</ref>

On December 4, 2007, Clear Channel announced that they had extended the termination date of the buyout from December 12, 2007, to June 12, 2008.<ref name="Clear-Channel-Communications-Dec-2007-8-K">{{cite web|url=http://edgar.secdatabase.com/1166/95013407024926/filing-main.htm|title=Clear Channel Communications, Form 8-K, Current Report, Filing Date Dec 5, 2007|publisher=secdatabase.com|url-status=live|archive-url=https://web.archive.org/web/20151017015818/http://edgar.secdatabase.com/1166/95013407024926/filing-main.htm|archive-date=October 17, 2015|access-date=March 27, 2013}}</ref> On July 24, 2008, Clear Channel held a special shareholder meeting, during which the majority of shareholders accepted a revised $36-per-share offer from [[Bain Capital]] and [[Thomas H. Lee Partners]], revaluing the deal at $17.9 billion plus debt.<ref name="Clear-Channel-Communications-Jul-24-2008-8-K">{{cite web|url=http://edgar.secdatabase.com/2841/95013408013272/filing-main.htm|title=CLEAR CHANNEL COMMUNICATIONS INC (Form Type: 8-K, Filing Date: 07/24/2008)|publisher=secdatabase.com|url-status=live|archive-url=https://web.archive.org/web/20160304190509/http://edgar.secdatabase.com/2841/95013408013272/filing-main.htm|archive-date=March 4, 2016|access-date=January 12, 2016}}</ref><ref>[https://web.archive.org/web/20090112013248/http://uk.reuters.com/article/pressReleases/idUKN2432775020080725 Reuters.com], Clear Channel shareholders OK $17.9 billion buyout, (retrieved July 14, 2008)</ref> Shareholders received either $36 in cash, or one share of CC Media Class A common stock for each share of Clear Channel common stock held.<ref>{{Cite news|url=http://www.radioandrecords.com/RRWebSite/NewsStoryPage.aspx?ContentID=TK0o1vZC748%3d&Version=2|title=Clear Channel Privatization Deal Done|last=Yorke|first=Jeffrey|date=July 30, 2008|publisher=Radio and Records}}{{dead link|date=November 2017|bot=InternetArchiveBot|fix-attempted=yes}}</ref> The company announced that it would move to more centralized programming and lay off 1,500 employees, or approximately 7% of its workforce, on January 20, 2009. The reasoning was bleak economic conditions and debt from its transition to a private company.<ref>Clear Channel to cut U.S. Workforce by 7%, [https://www.wsj.com/articles/SB123214134302591501 WSJ.com] {{Webarchive|url=https://web.archive.org/web/20170709103933/https://www.wsj.com/articles/SB123214134302591501|date=July 9, 2017}}</ref> By the completion of the restructuring in May 2009, a total of 2,440 positions were eliminated.<ref>All Access (April 28, 2009) [http://www.allaccess.com/site/netNews/story.php?bs=sk&ng=industryTools&ag=172&storyID=57117 Clear Channel Radio Completes Staff Reduction Connected To Restructuring]</ref>

In early 2010, it was announced that the company was facing the possibility of bankruptcy due to its "crippling debt".<ref>Kosman, Josh (April 12, 2010) [http://www.nypost.com/p/news/business/unclear_future_TC9WaDTPsiXnMnvG3sonVO?sms_ss=email Unclear future: Clear Channel creditors poised to pick up pieces], ''[[New York Post]]''</ref> After 21 years, Mark Mays stepped down as president and CEO of Clear Channel on June 23, 2010.<ref>{{cite web|url=http://www.broadcastingworld.net/news/view-160/|archive-url=https://web.archive.org/web/20101208140647/http://www.broadcastingworld.net/news/view-160/|url-status=dead|archive-date=December 8, 2010|title=Broadcastingworld.net}}</ref> Mays remained as chairman of the board.<ref name="Clear-Channel-Communications-Jun-2010-8-K">{{cite web |url=http://pdf.secdatabase.com/1888/0000950123-10-060425.pdf |title=Clear Channel Communications, Form 8-K, Current Report, Filing Date Jun 24, 2010 |publisher=secdatabase.com |access-date=March 27, 2013 |archive-url=https://web.archive.org/web/20131215162456/http://pdf.secdatabase.com/1888/0000950123-10-060425.pdf |archive-date=December 15, 2013 |url-status=live }}</ref> Later that year, [[MTV]] co-founder [[Robert Pittman (media executive)|Robert W. "Bob" Pittman]] joined the company and would eventually become CEO of CC Media Holdings.<ref>{{cite web|url=https://dealbook.nytimes.com/2010/11/14/clear-channel-to-name-a-media-veteran-as-adviser/|title=''A media veteran joins Clear Channel''|website=dealbook.nytimes.com|date=November 15, 2010 |access-date=July 21, 2021}}</ref><ref name="Clear-Channel-Communications-Oct-2011-8-K">{{cite web |url=http://edgar.secdatabase.com/1398/133497811000029/filing-main.htm |title=Clear Channel Communications, Form 8-K, Current Report, Filing Date Oct 6, 2011 |publisher=secdatabase.com |access-date=March 27, 2013 |archive-url=https://web.archive.org/web/20131215162455/http://edgar.secdatabase.com/1398/133497811000029/filing-main.htm |archive-date=December 15, 2013 |url-status=live }}</ref><ref>{{cite news |title=Pittman to Run Clear Channel |first=Ethan |last=Smith |url=https://www.wsj.com/articles/SB10001424052970204612504576607310410863734 |newspaper=[[The Wall Street Journal]] |date=October 3, 2011 |access-date=March 15, 2012 |archive-url=https://web.archive.org/web/20170709105551/https://www.wsj.com/articles/SB10001424052970204612504576607310410863734 |archive-date=July 9, 2017 |url-status=live }}</ref>

In August 2013, Clear Channel sold its minority stake in [[Sirius XM]] for $135.5 million. This also resulted in the removal of most Clear Channel-programmed stations on the service, besides simulcasts of [[WHTZ]] and [[KIIS-FM]].<ref name=":0" />

On January 6, 2014, Clear Channel announced a marketing partnership with [[Robert F. X. Sillerman]]'s [[SFX Entertainment]] (a second incarnation of a live events company that had been sold to Clear Channel, which spun off to form Live Nation), to collaborate on [[electronic dance music]] content for its digital and terrestrial radio outlets, including a [[Beatport]] top 20 countdown show.<ref name="billboard-sfxcc">{{cite web|title=SFX and Clear Channel Partner for Digital, Terrestrial Radio Push|url=http://www.billboard.com/biz/articles/news/branding/5862283/sfx-and-clear-channel-partner-for-digital-terrestrial-radio-push|work=Billboard.biz|access-date=January 6, 2014|archive-url=https://web.archive.org/web/20140111063358/http://www.billboard.com/biz/articles/news/branding/5862283/sfx-and-clear-channel-partner-for-digital-terrestrial-radio-push|archive-date=January 11, 2014|url-status=live}}</ref> The partnership expanded upon the company's existing EDM-oriented outlets, including ''Evolution''. Staff, including [[John Sykes (American businessman)|John Sykes]], believed that the deal would help provide a higher level of national exposure to current and up and coming EDM artists.<ref name="billboard-bethebest">{{cite web|title=John Sykes, Robert Sillerman on New Clear Channel, SFX Partnership: 'We Want to Be the Best'|url=http://www.billboard.com/biz/articles/news/branding/5862290/john-sykes-robert-sillerman-on-new-clear-channel-sfx-partnership|work=Billboard.biz|access-date=January 6, 2014|archive-url=https://web.archive.org/web/20140110053955/http://www.billboard.com/biz/articles/news/branding/5862290/john-sykes-robert-sillerman-on-new-clear-channel-sfx-partnership|archive-date=January 10, 2014|url-status=live}}</ref><ref name="wsj-ccsfx">[https://blogs.wsj.com/speakeasy/2014/01/06/clear-channel-and-sfx-strike-electronic-dance-music-marketing-deal/ Clear Channel and SFX Strike Electronic Dance Music Marketing Deal] {{Webarchive|url=https://web.archive.org/web/20170709120149/https://blogs.wsj.com/speakeasy/2014/01/06/clear-channel-and-sfx-strike-electronic-dance-music-marketing-deal/ |date=July 9, 2017 }} from ''[[The Wall Street Journal]]'' (January 6, 2014)</ref>

In September 2014, it was announced that the company would be renamed from Clear Channel Communications to iHeartMedia, alluding to its [[iHeartRadio]] platform to reflect the company's growing emphasis on digital media and [[internet radio]].<ref>{{Cite news|url=https://www.nytimes.com/2014/09/17/business/media/embracing-digital-brand-clear-channel-renames-itself-iheartmedia.html|title=Clear Channel Renames Itself iHeartMedia in Nod to Digital|last=Sisario|first=Ben|date=September 16, 2014|work=The New York Times|access-date=January 21, 2020|language=en-US|issn=0362-4331}}</ref> The previous name "Clear Channel" came from AM broadcasting, referring to a channel (frequency) on which only one station transmits. In the U.S., [[clear-channel station]]s have exclusive rights to their frequencies throughout most of the continent at night, when AM signals travel far due to [[skywave]]. CEO [[Robert Pittman (media executive)|Bob Pittman]] said that the company had been "doing progressive stuff", yet were still "named after AM radio stations".<ref>{{cite news|url=https://latimes.com/entertainment/envelope/cotown/la-et-ct-clear-channel-iheart-20140910-story.html|title=Clear Channel flips its name to iHeartMedia|author=Faughnder, Ryan|date=September 16, 2014|work=[[Los Angeles Times]]|access-date=September 20, 2014|url-status=live|archive-url=https://web.archive.org/web/20140920070255/http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-clear-channel-iheart-20140910-story.html|archive-date=September 20, 2014|quote=Chief Executive Bob Pittman said flipping the switch on the name reflects the progress the radio giant has made in its digital business... 'It's a recognition of who we really are today and the transformation this company has made,' Pittman said in an interview. 'We have a company that's doing progressive stuff, and yet we're named after AM radio stations.'}}</ref>

Beginning in 2008, iHeartMedia struggled to pay down more than $20 billion in debt the company assumed from its leveraged buyout. Various media outlets, including [[Bloomberg News]], [[Reuters]], ''[[Radio Ink]]'', and iHeartMedia's hometown newspaper the ''[[San Antonio Express-News]]'', claimed that either [[bankruptcy]] or a major [[restructuring]] was likely.<ref name="iHeart buried">{{cite web|url=http://www.expressnews.com/business/business_columnists/david_hendricks/article/IHeartMedia-buries-startling-revelation-in-1-700-6885363.php|title=iIHeartMedia buries startling revelation in 1,700 pages of litigation|author=Hendricks, David|date=March 11, 2016|work=[[San Antonio Express-News|ExpressNews.com]]|archive-url=https://web.archive.org/web/20160312133643/http://www.expressnews.com/business/business_columnists/david_hendricks/article/IHeartMedia-buries-startling-revelation-in-1-700-6885363.php|archive-date=March 12, 2016|access-date=March 12, 2016|quote=Two Boston private-equity firms bought 70 percent of iHeartMedia for $24 billion in 2008; the other 30 percent is publicly traded.}}</ref><ref>{{cite news|url=https://www.bloomberg.com/news/articles/2016-02-04/private-equity-s-iheart-radio-chokes-on-debt-load-it-can-t-repay|title=Private Equity's IHeart Radio Chokes on Debt Load It Can't Repay|author2=Laura J. Keller|author1=Lucas Shaw |newspaper=Bloomberg|date=February 4, 2016 |url-status=live|archive-url=https://web.archive.org/web/20170406214557/https://www.bloomberg.com/news/articles/2016-02-04/private-equity-s-iheart-radio-chokes-on-debt-load-it-can-t-repay|archive-date=April 6, 2017|access-date=March 27, 2016}}</ref><ref>{{Cite news|url=https://www.reuters.com/article/us-iheartmedia-moelis-idUSKCN0WA20I|title=iHeartMedia hires Moelis to tackle debt burden – sources|date=March 8, 2016|newspaper=Reuters|access-date=March 27, 2016|url-status=live|archive-url=https://web.archive.org/web/20170729132323/https://www.reuters.com/article/us-iheartmedia-moelis-idUSKCN0WA20I|archive-date=July 29, 2017}}</ref><ref>{{cite web|url=http://radioink.com/2016/03/08/iheart-responds-to-default-notice/|title=The iHeart Debt Battle {{!}} Radio Ink|date=March 8, 2016 |url-status=live|archive-url=https://web.archive.org/web/20160317201756/http://radioink.com/2016/03/08/iheart-responds-to-default-notice/|archive-date=March 17, 2016|access-date=March 27, 2016}}</ref>  On April 20, 2017, the company warned investors that it might not survive over the following 10 months.<ref>[http://www.mysanantonio.com/business/local/article/IHeartMedia-shares-drop-amid-warning-it-may-not-11095729.php IHeartMedia shares drop amid warning it may not survive another year] {{Webarchive|url=https://web.archive.org/web/20170425025554/http://www.mysanantonio.com/business/local/article/IHeartMedia-shares-drop-amid-warning-it-may-not-11095729.php|date=April 25, 2017}} San Antonio Express-News April 24, 2017</ref>

In 2016, one of the company's directors, Julia B. Donnelly, left the board of iHeartCommunications and was replaced by Laura A. Grattan, a director at [[Thomas H. Lee Partners|Thomas H. Lee]]. Grattan was named to the board of managers of iHeartMedia Capital I, LLC, the direct parent of iHeartCommunications, as well as the board of directors of iHeartMedia, Inc., the indirect parent of iHeartCommunications.<ref>{{cite magazine|url=http://www.billboard.com/articles/business/7326445/iheartmedia-new-director-gets-more-time-to-resolve-its-massive-debt|title=iHeartMedia Loses A Director, Gets More Time To Resolve Its Massive Debt Problems|magazine=Billboard|access-date=April 23, 2016|archive-url=https://web.archive.org/web/20160501010716/http://www.billboard.com/articles/business/7326445/iheartmedia-new-director-gets-more-time-to-resolve-its-massive-debt|archive-date=May 1, 2016|url-status=live}}</ref>

On November 30, 2017, it was reported that a group of creditors had rejected iHeartMedia's latest debt restructuring proposal, instead bringing out a deal where the company might file for bankruptcy.<ref name="nyt-somas">{{cite news |last=Biswas |first=Somas |date=November 30, 2017 |title=iHeart Creditors Reject Another Offer From Company as They Push for Chapter 11 |url=https://www.wsj.com/articles/iheart-creditors-reject-another-offer-from-company-as-they-push-for-chapter-11-1512090362?tesla=y |work=[[Wall Street Journal]] |location=New York City, New York, United States |access-date=December 5, 2017 |archive-url=https://web.archive.org/web/20171204230204/https://www.wsj.com/articles/iheart-creditors-reject-another-offer-from-company-as-they-push-for-chapter-11-1512090362?tesla=y |archive-date=December 4, 2017 |url-status=live }}</ref> On March 15, 2018, the company filed for Chapter 11 bankruptcy, and claimed that it reached an agreement to restructure $10 billion of its over $20 billion in debt.<ref>{{Cite web|url=https://deadline.com/2018/03/iheart-media-files-for-chapter-11-bankruptcy-1202338348/|title=Radio Giant iHeartMedia Files For Chapter 11 Bankruptcy To Restructure Debt|last=Hayes|first=Dade|date=March 15, 2018|website=Deadline|language=en|access-date=January 21, 2020}}</ref>

In September 2018, iHeartMedia acquired [[HowStuffWorks]]' [[podcast]] network Stuff Media for $55 million.<ref>{{Cite news|url=https://variety.com/2018/digital/news/iheartmedia-stuff-media-howstuffworks-podcast-acquisition-1202939938/|title=iHeartMedia to Buy HowStuffWorks Podcasting Parent for $55 Million|last=Spangler|first=Todd|date=September 13, 2018|work=Variety|access-date=September 15, 2018|language=en-US}}</ref> On November 19, 2018, iHeartMedia announced its intent to acquire [[Jelli]], the provider of a programmatic advertising platform for radio stations.<ref>{{Cite web|url=https://www.adweek.com/programmatic/iheartmedia-is-acquiring-an-ad-tech-startup-to-expand-programmatic-audio-advertising/|title=iHeartMedia Is Acquiring an Ad-Tech Startup to Expand Programmatic Audio Advertising|website=Adweek|date=November 19, 2018 |language=en-US|access-date=November 19, 2018}}</ref>

In January 2019, the U.S. Bankruptcy Court for the Southern District of Texas approved a creditor-supported plan for iHeartMedia to exit bankruptcy, which would reduce the company's debt from $16.1 billion to $5.75 billion. The plan included the spin-out of iHeartMedia's 89.1% stake in its [[out-of-home advertising]] division [[Clear Channel Outdoor]].<ref>{{Cite web|url=https://adage.com/article/news/iheartmedia-nears-exit-bankruptcy/316340|title=IHeartMedia wins court approval for a plan to exit bankruptcy|date=January 22, 2019|website=adage.com|language=en|access-date=January 21, 2020}}</ref><ref>{{Cite magazine|url=https://www.billboard.com/articles/business/8491234/iheartmedia-clear-channel-outdoor-separate-companies|title=iHeartMedia Sets Plan for Spin-Off of Outdoor Advertising Business|magazine=Billboard|access-date=January 21, 2020}}</ref> In April 2019, the company also filed a proposed [[initial public offering]].<ref name=":1">{{Cite web|url=https://www.radioworld.com/news-and-business/business-and-law/iheartmedia-chapter-11-emergence|title=iHeartMedia Emerges From Chapter 11|date=May 6, 2019|website=Radio World|language=en-US|access-date=January 21, 2020}}</ref>

iHeartMedia emerged from Chapter 11 bankruptcy in May 2019, with a new board of directors and the spin-out of Clear Channel Outdoor, but maintaining its existing leadership of CEO Bob Pittman and President Rich Bressler.<ref name=":1" /> Rather than pursue its IPO (which was estimated to potentially be valued at $1.1 billion), iHeartMedia instead received approval for a direct listing on the [[Nasdaq]].<ref>{{Cite magazine|url=https://www.billboard.com/articles/business/8518037/iheartmedia-pulls-ipo-application-nasdaq-listing|title=NASDAQ Approves iHeartMedia For Direct Listing|magazine=Billboard|access-date=January 21, 2020}}</ref>

On January 14, 2020, iHeartMedia announced a major restructuring, as part of an effort to "modernize our company to take advantage of the significant investments we have made in new technology and aligning our operating structure to match the technology-powered businesses we are now in." This included the restructuring of its Markets Group into three divisions: the Regions division for its largest markets, the Metropolitan division for other major cities, and the Communities division for smaller markets and added a multi-market partnerships unit, and announced the development of centers of excellence that would use technology investments to "provide a better experience for listeners and business partners and a more efficient process for all of its employees". 

The restructuring was accompanied by a major round of layoffs and displacements, with a large number of staff members and on-air personalities impacted.<ref>{{Cite web|url=https://www.allaccess.com/net-news/archive/story/192864/iheartmedia-revamps-markets-group-structure-with-t|title=iHeartMedia Revamps Markets Group Structure With Tech-Enabled Hubs, 'Employee Dislocation'|website=All Access|language=en|access-date=January 21, 2020}}</ref><ref>{{Cite web|url=https://variety.com/2020/music/news/iheartmedia-restructure-layoffs-1203466858/|title=iHeartMedia Announces 'New Organizational Structure,' Layoffs Ensue|last=Aswad|first=Jem|date=January 14, 2020|website=Variety|language=en|access-date=January 21, 2020}}</ref>