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Report Spotlights Toxic Work Culture At TheWrap

20 current and former TheWrap staffers spoke to The Daily Beast regarding the work environment and culture of fear at the prominent outlet.

Eduardo Razo

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TheWrap found and CEO Sharon Waxman finds herself in hot water following a report from The Daily Beastrevealing a toxic work environment for the media outlet. 

20 current and former TheWrap staffers spoke to The Daily Beast regarding the work environment and culture of fear at the prominent outlet. According to the report, Waxman has forced out one staffer after another and left current employees searching for their way out of the company. 

Most of the former staffers speaking out had left the media outlet within the past two years.

“It was very The Devil Wears Prada. It was really demoralizing and degrading. I would have to emotionally shut down and smile and nod,” the ex-employee said. 

Waxman has reportedly screaming outbursts at employees. In addition, she engages in demeaning conduct while berated employees for dealing with family emergencies during work hours. Furthermore, the founder and CEO threatened one employee due to them working from home while taking care of an injured child.

“I’ve been around CEOs and politicians and like, actually important powerful people, and people that should be scary, like prisoners, and she is the scariest person I’ve ever met,” another former TheWrap writer said

Furthermore, these former and current employees don’t feel they can turn to human resources due to Waxman’s ex-husband serving as the department for TheWrap

After The Daily Beast reached out for comment, Waxman assembled workers for a meeting, promising to do better and bring in outside advising to develop a better workplace culture.

“I was very sorry to learn that some current and former employees have had experiences at TheWrap that are not consistent with our values or the environment we work to foster. Providing a safe, enjoyable, and thriving workplace is essential to any business, and something we have always made a priority from the time we started 12 years ago,” Waxman wrote in a statement to The Daily Beast. 

“While I don’t believe these allegations accurately reflect our current work environment, it’s clear that we have some work to do, and I am committed to doing it.”

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Media Business

Saga Communications CEO Chris Forgy Elected to Broadcasters Foundation of Americas Board of Directors

“His input will be valuable as we continue to deliver aid to our colleagues who are in desperate need.”

Barrett News Media

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A photo of the Broadcasters Foundation of America logo

The Broadcasters Foundation of America has announced Saga Communications CEO and President Chris Forgy has been elected to its Board of Directors.

“I have always believed in giving back to the industry that has allowed me to be of service to local communities,” stated Forgy. “Colleagues who have fallen on extremely difficult circumstances need and deserve our support. I am honored to serve on the Board and contribute to the Foundation’s charitable mission.”

“Chris is a well-respected leader in the broadcast industry, and I’m delighted to welcome him to our Board,” added Broadcasters Foundation Board Chair Scott Herman. “His input will be valuable as we continue to deliver aid to our colleagues who are in desperate need.”

In addition to his work with the Broadcasters Foundation, Chris Forgy also serves on the NAB Radio and Television Board of Directors for District 6, which is comprised of North and South Carolina.

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Media Business

Advertisers Would Pay Premium for Corresponding In-Dash Visuals, New Study Shows

In total, 80% of advertisers claimed they were interested in in-dash visual ads.

Barrett News Media

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A photo of a car's infotainment center

A new study from Advertiser Perceptions shows that radio advertisers and agencies would pay a premium to see their commercials synced with in-dash visuals on car radios.

In 2021, media agencies and marketers said they were “very familiar” with in-car radio display technologies. In 2024, that figure has risen to 33%, with another 33% saying they were “somewhat familiar.”

In total, 80% of advertisers claimed they were interested in in-dash visual ads. In 2021, only 64% of respondents answered similarly.

When asked “How much on top of a typical AM/FM radio buy would you be willing to invest in this new in-car visual display capability?” the average advertiser claimed they would be willing to increase their budget by 16% in the latest version of the study.

That figure was 14% in both 2022 and 2023, and was 12% in 2021.

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Media Business

Median Age of Podcast Users Nearly 30 Years Younger Than Cable TV

“The ascent of podcasting signals a shift towards on-demand content consumption that aligns with the lifestyles and preferences of younger generations.”

Barrett News Media

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A photo of a podcast user's cell phone

It is no secret that cable TV has seen the age of its viewers continue to rise. But the entire picture is coming into view when juxtaposed against other mediums like radio and podcast users.

A new report from Amplifi Media shows that the median age of cable news viewers is 70. MSNBC is 70, Fox News is 69, and CNN is 67. That median age means that more than half the viewers are actually older than 70 years old.

Network television isn’t a much brighter picture. In primetime, the median age is 64. FOX has the youngest number at 49.5.

However, the median age of podcast consumers comes in at 34.

Steve Goldstein, Founder and CEO of Amplifi Media, believes the drastically younger demographics of the medium make it an ideal platform for advertisers.

“The ascent of podcasting signals a shift towards on-demand content consumption that aligns with the lifestyles and preferences of younger generations,” wrote Goldstein. “We live in an on-demand world, and while other media are adjusting (think streaming apps and YouTube), podcasting has three not-so-secret ingredients that traditional media struggle to match: intimacy, flexibility, and loyalty, which makes podcasting an ideal platform for engaging storytelling, niche topics, and fresh takes.”

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