NEW YORK — The Washington Post hasactually called veteran media executive Will Lewis to serve as its brand-new CEO and publisher, hoping to turn around a current depression that hasactually seen task cuts and a decreasing audience.
Lewis is the previous leading executive at the Wall Street Journal and recently creator of a start-up that attempts to provide news to young individuals. Post owner Jeff Bezos revealed the consultation in an e-mail to personnel soon previously 8: 30 Saturday night, after The New York Times released the news.
Lewis, 54 and British born, started as a pressreporter and moved into management, veryfirst at the Daily Telegraph in England. He worked for Rupert Murdoch at News Corp. for a years.
The Post blewup in appeal throughout the Trump administration however justrecently hasactually dealtwith the verysame financial difficulties as much of the news market. It hasactually gone through rounds of layoffs, shuttered its Sunday publication and last month stated it would deal 240 voluntary buyouts to its personnel.
Outgoing interim CEO Patty Stonesifer stated that throughout a current duration of development, the paper invested more than it might manage duetothefactthat monetary forecasts were too positive.
The Post has 2.5 million digital customers, a drop of more than 15% giventhat news magnet Trump left workplace in2021 By contrast, The New York Times counted 9.2 million digital customers in the middle of this year. In July, The Times reported that The Post is on track to lose about $100 mil