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Aliso Viejo Ad Tech Shop to Close

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iHeartMedia Revenue Platforms is shutting down its Aliso Viejo office and moving operations to Texas.

The division of iHeartMedia Inc. in San Antonio makes software that manages advertising space and revenue for some 1,100 radio stations. It plans to cut 72 local jobs by April 4, according to a notice filed with state’s Employment Development Department.

Sharon Blankenship cofounded the company as LAN International in 1996. Clear Channel Communications Inc., which rebranded itself as iHeartMedia in 2014, acquired LAN in 2008.

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