iHeartMedia was not the only company to make significant cuts this month. Last week, Salem Media Group cut 60 positions across the company including its radio and digital platforms.
In a company-wide townhall with CEO David Santrella earlier this week, he noted that after the layoffs the company still has approximately 950 employees. He also stated that the company expects to break even by the end of Q4 this year, one year ahead of projections. The company is planning a rebranding to “Salem Media” with new logos coming.
Santrella told employees that they do not expect syndicated talker Dennis Prager to return to air due to his spinal cord injury last November. However they are working on strengthening their relationship with his Pragertopia and PragerU.
Among the hosts known to have exited the company are Salem’s syndicated talker Eric Metaxas, whose show is currently being offered to affiliates in best-of’s after its final new broadcast on September 29 as well as Salem News Channel’s Stacy Washington and Andrew Wilkow.
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