Lock in a year of Digiday+ for 35% less.
Former IBT Media employees have taken to Twitter en masse to protest the publisher’s failure to pay severance, using the hashtag #IBTWTF in a damning series of tweets.
It’s an unusual tactic, but nothing about IBT has been usual. The 9-year-old media company rapidly expanded to try to transform itself from an SEO-driven shop into a legitimate journalistic enterprise, only to melt down. The publisher laid off scores of people last month at its flagship International Business Times and Newsweek, which it bought three years ago, separating it from The Daily Beast.
The laundry list of complaints is long and unsavory. Twitter users are alleging that the company laid off people with no notice and meager severance, didn’t pay its international staff in June, hasn’t sent people their personal belongings from the offices and is not answering inquiries.
Laid-off IBT reporters asked @IBTMedia mgmt for respectable severance terms. Mgmt refused. Now we’re laying out our case publicly. #IBTWTF
— Owen Davis (@odavis_) July 28, 2016
.@IBTMedia has a history of not paying vendors & has now laid off most of the journalists that built it. #IBTWTF
— Christopher Carbone (@christocarbone) July 28, 2016
.@IBTMedia gave zero notice of layoffs, still hasn’t paid some people’s last paycheck, and routinely doesn’t pay its bills #IBTWTF
— Brendan James (@deep_beige) July 28, 2016
Owen Davis, a former reporter at IBT, said he and other fellow staffers who were laid off decided to publicly air their grievances after the company took two weeks after their layoff to inform them of the severance terms, then refused to budge when they asked for better benefits. The company offered one week’s severance per year for people who were there more than a year and nothing for people who were there less than a year, Davis said.
“It’s an insult,” he said in a phone interview. “We put in long hours, won awards and increased their stature in the journalism world. We feel like we negotiated in good faith. At this point the company has stonewalled. We hope they’ll see the public at large and greater journalism community has no respect for this behavior towards journalists.”
Also resurfacing in the hashtag are the IBT Media founders’ ties to a controversial pastor and evangelical college he founded. One of the founders, Johnathan Davis, has said his work and his faith were separate. But the Guardian reported that the company gave money to the school — a revelation that seems more relevant in light of allegations that the company stiffed vendors and its employees.
Does IBT have the money? Well they had $1.3m to give to religious institution Olivet University in FY 2014. #IBTWTF pic.twitter.com/uKV559pJjp
— Owen Davis (@odavis_) July 28, 2016
IBT Media executives have not responded to requests for a comment; we will update this story if they do.
More in Media
Vox Media CRO Geoff Schiller joins Screenvision as CEO
Vox Media CRO Geoff Schiller will become CEO of cinema ad firm Screenvision, setting sights on Gen Z and a strong pipeline of movies.
Brands are getting creative as fuel costs raise shipping fees
UPS now has surge emergency fees for goods coming from India, China and Hong Kong to the United States.
The healthcare creator is finally diagnosing how they best fit into the creator economy
Healthcare creators are powerful brand partners, but they have to fit into the creator economy without sacrificing their credibility.