© Reuters. FILE PHOTO: The paper’s banner logodesign is seen throughout the grand opening of the Washington Post newsroom in Washington January 28,2016 REUTERS/Gary Cameron/File Photo
By Helen Coster
(Reuters) -William Lewis, the previous Dow Jones chief executive and publisher of The Wall Street Journal hasactually been called chief executive and publisher of The Washington Post, the Post stated on Saturday.
The Washington Post stated that it is forecasted to end the year taking a $100 million loss. The publisher included that executives are offering buyouts throughout the business in an effort to decrease its head count by about 10 percent, the newsroom is anticipated to diminish to about 940 reporters.
Lewis’s consultation comes at a time when the media market is grappling with a slow marketing market, low trust in news, and advancements in generati