The Washington Put up Names Will Lewis As Its Next Author And CEO

The Washington Put up has tapped Will Lewis as its next writer and CEO, because the media outlet grapples with a earnings decline that has forced it to diminish its workers.

Lewis, who served because the CEO of Dow Jones and writer of The Wall Avenue Journal from 2014 to 2020, will birth in his position on Jan. 2. He’ll be triumphant Patty Stonesifer, who has served as intervening time CEO in June after Fred Ryan introduced his exit.

“Leading this intrepid media designate blueprint constructing on my commitment to championing excessive-quality journalism and safeguarding our democratic values, whereas rising The Put up’s enterprise and advancing its affect to the next generation and past,” Lewis said in an announcement.

Lewis most fair no longer too prolonged in the past has been founder, CEO and writer of The News Plod, which is geared in direction of providing non partisan recordsdata to Gen Z. He additionally has served as chief ingenious officer of News Corp. and Neighborhood Basic Manager for News Corp in the UK, as neatly as editor of The Each day Telegraph.

Jeff Bezos, the proprietor of the Put up, said in an announcement, “On the fresh time, I stand assured in that future lustrous it’s in the hands of Will, an distinctive, tenacious swap govt whose background in fierce, award-successful journalism makes him the finest chief at the finest time.”

Esteem much of the remainder of media, The Put up has needed to grapple with a softer advert market and a descend in web traffic.

In maintaining with The Contemporary York Cases, the Put up’s earnings become anticipated to plunge by $100 million in 2023. Stonesifer fair no longer too prolonged in the past introduced plans to provide workers buyouts as section of a plot to diminish workers by 240. She cited overly optimistic projections for promoting, web traffic and subscriptions.

“Our core products and plenty of our most fresh investments present mountainous promise — and we all speak referring to the assert we saw in 2016 to 2021 will most doubtless be ours all every other time if we prioritize and plot wisely,” Stonesifer wrote in a memo to staff supreme month. “Nonetheless the pressing wish to take a position in our top assert priorities introduced us to the harsh conclusion that we want to regulate our rate construction now.”