Bob Pittman
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Bob Pittman: "We want our shareholders to know that we have taken immediate and proactive steps to weather this crisis."
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Company announces new organizational structure while laying off DJs with decades of experience
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iHeart now reaches 275 million Americans monthly – more than the top two closest broadcast radio competitors combined
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President Rich Bressler also signs new contract with broadcast giant
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"We believe that the separation of the two businesses makes strategic and financial sense, and will allow each company to better achieve their individual missions."
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Bob Pittman says deal is a 'significant accomplishment'