William Lewis, 54, served as publisher of the Wall Street Journal and CEO of Dow Jones after a career in British media has been named CEO and publisher of The Washington Post.
William Lewis, a veteran media executive with experience at the Wall Street Journal and Dow Jones, has been appointed as the new CEO and publisher of the Washington Post.
He has a background in British media, including serving as editor-in-chief of the Daily Telegraph, and has been involved with News Corp during the phone-hacking scandal.
Jeff Bezos, the owner of the Washington Post, praised Lewis as a strong fit for the role, emphasizing his love for journalism and financial acumen.
Lewis will take on his new role starting on January 2, succeeding Fred Ryan, who stepped down earlier in the year.
The Washington Post has faced financial challenges over the past year, leading to increased union activity and an expected loss of $100 million this year.
The interim CEO, Patty Stonesifer, announced voluntary buyouts to cut 240 jobs. The Post struggled to offset investments in topics like climate and wellness amid an advertising market slowdown and subscription losses.
Despite modernization efforts and awards for journalism, it lags behind its national competitor, the New York Times, in terms of growth.
MediaBites congratulates and extends its best wishes to William Lewis, a prominent figure in the news industry, as he takes on the role of CEO at The Washington Post.
Via: Axios & POLITICO