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iHeart Internal Memo:

iHeart Cutting Back: iHeartMedia Chairman/CEO Bob Pittman and CFO/COO Rich Bressler have issued an internal companywide memo detailing the steps they are taking to reduce spending amid economic uncertainty. Among the cutbacks listed are a temporary suspension of the 401(k) match, only backfilling "mission critical roles," reducing discretionary spending, and halting overtime. Read the complete memo hereCountry Aircheck has reached out to iHeartMedia representatives for additional comment, but no response was received by press time.

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