“Although in a company of 10,000 people very few jobs have been affected, there have been some,” iHeartMedia spokesperson Wendy Goldberg told the New York Post in response to reports that the nation’s biggest owner of radio station was engaging in a major reduction-in-force initiative.
Now, investors have seemingly reacted to the newspaper report, sending the company’s stock down by nearly 13% on Wednesday.
![The iHeartRadio studio in Jason Aldean's Kitchen + Bar in Nashville [Photo: TC Restaurant Group]](https://rbr.com/wp-content/uploads/Screenshot-2024-03-01-154355-e1709325975671.png "iHeart Aldean")
