There are newer employer reviews for SourceMedia

2 people found this helpful  

Ancient

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee in New York, NY
Former Employee - Anonymous Employee in New York, NY

I worked at SourceMedia

Pros

The office hours are strictly 9 to 5 and you rarely have to do any overtime, the dress code is not too stuffy and the office is in a good location.

Cons

If you are a young up and comer with creative ideas this is not the place for you at all. Although this place tries to pass itself off as a digital company the knowledge of the digital space at the senior management level is very limited. This is a company that is afraid to try new things. I believe the upper management is struggling to hold on to their jobs in a world where media is constantly changing. They need to get with the times and learn to respect those who carry the company and actually have something to offer.

Advice to ManagementAdvice

Respect your employees because at the end of the day they are the ones who are actually doing the work and coming up with ways to take the company to another level. Don't disguise your lack of knowledge by shouting out orders. Learn to be a "No Nonsense" type of leader and you will go far.

Doesn't Recommend
No opinion of CEO

57 Other Employee Reviews for SourceMedia (View Most Recent)

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  1.  

    Poor management, lots of politics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Cedar Rapids, IA
    Former Employee - Anonymous Employee in Cedar Rapids, IA

    I worked at SourceMedia

    Pros

    Some great coworkers, friendly atmosphere

    Cons

    Poor management and lot of politics

    Advice to ManagementAdvice

    The upper management needs to have more communication with the company

    Doesn't Recommend
  2. 2 people found this helpful  

    The Titanic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at SourceMedia

    Pros

    Very casual environment, not pretentious at all

    Everyone leaves at 5 - office is a ghost town by 6

    Historic brands: American Banker, Bond Buyer, etc.

    In general, the people are very nice.

    Cons

    SourceMedia is like an old house on the market. Management is putting new curtains up and doing a coat of fresh paint in hopes that someone will buy it. Meanwhile, the foundation is falling apart, the pipes are about to burst, and it needs a new septic system. My advice to anyone interviewing: go somewhere else - they are planning to sell soon (if they can! The budget cuts/layoffs began in 2012). The only division making money is the conferences division.

    A small number of people do the bulk of the work here. If you are a manager or below, you are basically a glorified secretary and they don't care about your input/ideas. Senior management puts pressure on employees to produce so they can collect their bonuses - the wealth is not shared at all here.

    No room for professional/career growth at all.

    If you travel, you're expected to pay for your hotel/meals out of pocket and they'll reimburse you (which can take up to a month).

    Benefits package is terrible. They have a $2300 health care deductible for a single person. If you're married it's $4600 and family goes up to $6000.

    Office space looks like it's from 1980.

    Trying to position self as digital company, but they don't know how to convert that into revenue.

    SourceMedia uses a consulting firm (Decision Counsel) to advise them on digital efforts. Decision Counsel is not innovative in the least and their efforts are not producing the kind of revenue SourceMedia was hoping for. I believe they will either have mass layoffs at the end of 2012/beginning of 2013 before they sell it (if they can) or the company will be dissolved.

    Advice to ManagementAdvice

    Stop being greedy and give (something!) to the people who do all the work. Match employees 401k, small cost of living raise, ANYTHING! Morale is at an all time low and people are running out the door.

    Listen to the employees who do the day-to-day operations before you make big decisions - just because you didn't bother to figure out what someone does, doesn't mean their job isn't essential to your business model.

    Also, the CEO of SourceMedia is Doug Manoni, not James M. Malkin (below).

    Doesn't Recommend
    Disapproves of CEO
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