iHeartMedia Announces Realignment of Markets Management And Increased Focus For Leaders on New High-Growth Opportunities
December 04 2023 - 11:00AM
Business Wire
iHeartMedia, the #1 audio company in America, announced today a
leadership realignment in its Markets Group, heightening the
performance of its more than 160 Markets and 860+ radio stations
while enhancing the company’s ability to increase its focus on new
high-growth opportunities. The Markets Group, part of iHeart’s
Multi Platform Group, is designed to enable each Market, regardless
of size, to take advantage of iHeart’s unique scale and multiple
platforms; leadership in audio; and its expertise in consumers,
monetization and data. The company also announced today heightened
areas of focus for additional senior leaders who will be overseeing
new high-growth opportunities for iHeart.
In 2020, iHeart announced that it would group its Markets by
common needs and characteristics into three different divisions –
Region, Metro and Community -- to make sharing of resources and
experiences easier and more targeted. The company has now named
five new Division Presidents: Bernie Weiss and Paul Corvino for the
Region Division, and Kristin Foley, Chris Soechtig and DJ Hodge for
the Metro Division, all of whom have successfully led Markets
across the country. Tom McConnell, formerly a Metro Division
President, will also become a Region Division President.
In addition, Nick Gnau, formerly a Community Division President,
will become a Metro Division President, and Shosh Abromovich and
Dan Lankford will add Nick’s former Markets to their
responsibilities as the Community Division Presidents. Amy
Leimbach, who served as Senior Vice President of Sales for Austin,
Dallas and San Antonio, TX, will become President of those
Markets.
The company also announced changes that will enable it to
increase its focus on a number of high-growth opportunities.
- Kevin LeGrett, President of the iHeart Sports Network, will be
making the transition from his role as Division President of Los
Angeles to now focus exclusively on leading and growing the
company’s leading Political and Sports platforms, both of which
have significant growth potential. 2024 is projected to be the
biggest political year on record, and the iHeartSports Network
reaches more people than any other sports network -- over 1.5 times
the audience of ESPN, including more than 75 million people monthly
across 500+ stations; the Fox Sports Network, featuring the biggest
names in the industry like Dan Patrick and Colin Cowherd; 80
dedicated sports stations nationwide with 100+ NFL, NBA, MLB, NHL
and NCAA teams; and the iHeartPodcast Network, the number one
sports podcast network in America.
- Additionally, to underscore iHeart’s deep commitment to serving
all of its communities, Tony Coles will continue to build on his
groundbreaking leadership as President of BIN: Black Information
Network and, in addition, will now lead all multicultural efforts
as the President of Multi-Cultural Business and Development.
Multicultural advertising projected to reach $16.5 billion in the
next three years, and iHeartMedia has an unparalleled roster of
legendary stations and influential personalities and brands ranging
from Steve Harvey and The Breakfast Club to Enrique Santos.
The new Division Presidents will report directly to Hartley
Adkins, President of the iHeartMedia Markets Group, and Coles and
LeGrett, as well as Adkins, will report to Rich Bressler, iHeart’s
President, COO and CFO and CEO of the iHeartMedia Multi Platform
Group.
The company will be making this transition over the next few
weeks.
About iHeartMedia
iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media
company in America, reaching over 90% of Americans every month.
iHeart’s broadcast radio assets alone have more consumer reach in
the U.S. than any other media outlet; twice the reach of the next
largest broadcast radio company; and over four times the ad-enabled
reach of the largest digital only audio service. iHeart is the
largest podcast publisher according to Podtrac, with more downloads
than the next two podcast publishers combined and has the number
one social footprint among audio players, with seven times more
followers than the next audio media brand, and the only fully
integrated audio ad tech solution across broadcast, streaming and
podcasts. The company continues to leverage its strong audience
connection and unparalleled consumer reach to build new platforms,
products and services. Visit iHeartMedia.com for more company
information.
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Wendy Goldberg wendygoldberg@iheartmedia.com
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