02/27/2009 05:12 am ET | Updated May 25, 2011

Sharon Waxman's The Wrap Launches

Welcome to TheWrap. A year ago I left The New York Times with a sinking feeling about what was happening to professional journalism.

Today we launch with great optimism what I hope will become an exciting new space to cover Hollywood in the digital age. TheWrap seeks to use the myriad tools of the web to marry top quality journalism - breaking news, trends, features, interviews - with the input of the talented and sophisticated community that creates the world's popular culture.

The time is fortuitous. As our lead story today indicates, the entertainment and media industries are at a fateful crossroads. TheWrap will be a resource for anyone who is interested in understanding the changes in our popular culture, and navigating what has become a global industry.

Read more on The Wrap