The Washington Post names Will Lewis as its next publisher and CEO

The Washington Post has named Will Lewis as its new publisher and CEO as the media company struggles with a decline in revenue that has forced it to reduce its workforce.

Lewis, who served as CEO of Dow Jones and publisher of The Wall Street Journal from 2014 to 2020, will begin his role on January 2. He will succeed Patty Stonesifer, who served as interim CEO in June after Fred Ryan announced his resignation.

“Leading this bold media brand means building on my commitment to championing quality journalism and protecting our democratic values, while growing the Post’s business and extending its impact to the next generation and beyond,” Lewis said in ‘ an explanation said.

Lewis was most recently founder, CEO and publisher of The News Movement, which focused on providing unbiased news to Generation Z. He was also chief creative officer of News Corp. and Group General Manager for News Corp in the UK. and editor of the Daily Telegraph.

Jeff Bezos, the Post’s owner, said in a statement: “Today, I am confident in that future, knowing it lies in the hands of Will, an exceptional, tenacious business executive whose background is in passionate, award-winning journalism led to his success.” Leader making… the right leader at the right time.”

Like many other media, Die Pos suffered from a weaker advertising market and a decline in web traffic.

According to the New York Times, the postal service’s revenue is expected to drop by $100 million by 2023. Stonesifer recently announced plans to offer staff transfers to reduce its workforce by 240. She pointed to overly optimistic forecasts for advertising, web traffic and subscriptions.

“Our core products and many of our recent investments are promising – and we all believe that if we prioritize and plan appropriately, the growth we saw in 2016 will be ours again by 2021,” Stonesifer said last month in ‘ the employees wrote a memo. “But the urgent need to invest in our top growth priorities has led us to the difficult conclusion that we must now adjust our cost structure.”