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Some iHeartMedia staff furloughed as CEO foregoes his salary

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Last week, we reported on US radio, live and streaming group iHeartMedia withdrawing its financial guidance for 2020 and drawing on $350m of a pre-agreed credit facility to tide it through the coronavirus pandemic. However, yesterday there were some more developments. Radio industry site RAMP got its hands on an internal memo revealing a range of cost-cutting measures to […]

The post Some iHeartMedia staff furloughed as CEO foregoes his salary appeared first on Music Ally.


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