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Dow Jones CEO William Lewis speaks throughout the Wall Boulevard Magazine (WSJ) CEO Council in London, Britain, 14 Would possibly 2019.
New York
The Gentleman Report
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The Washington Submit on Saturday named information media veteran William Lewis as its new writer and CEO at a essential time for the newspaper, because it contends with monetary bother, a unexpectedly moving media setting and a looming presidential election.
Lewis will think the position on January 2, 2024, the Submit mentioned in a commentary.
“Main this daring media emblem method development on my dedication to championing top of the range journalism and safeguarding our democratic values, whilst rising The Submit’s trade and advancing its affect to the following technology and past,” Lewis mentioned within the commentary.
Lewis will take the helm of 1 the country’s maximum storied media houses at a time of trade for American journalism on the whole and for the Washington Submit specifically, the place layoffs, declining readership and top bills have dented morale.
Lewis, the founder, CEO and writer of Gen-Z targeted The Information Motion, is a former CEO of Dow Jones and writer of the Wall Boulevard Magazine.
Amazon founder Jeff Bezos purchased the Washington Submit in 2013, and the paper’s site visitors surged within the years in an instant after, specifically after former President Donald Trump took place of work.
However the paper of file within the country’s capital has struggled to handle readership within the post-Trump generation. As with a lot of the inside track {industry}, the Washington Submit has confronted a reckoning as American citizens’ studying behavior have shifted in recent times.
Meantime leader government Patty Stonesifer up to now informed workers that the paper had “overshot on bills” beneath former CEO Fred Ryan.
She additionally disclosed that the e-newsletter’s readership has plummeted since Trump’s White Space go out, with its virtual target market sinking by way of a staggering 28% since 2021. Virtual subscriptions, Stonesifer added, had dropped 15%.
Earlier writer and leader government Fred Ryan introduced in June that he was once stepping down after just about a decade heading up the Washington Submit.
Whilst he helped lead the paper to greater than a dozen Pulitzers and industry-wide acclaim, he additionally alienated a lot of the newsroom overdue remaining 12 months when he unexpectedly introduced layoffs.
“Ten years in the past, I made a dedication to the way forward for The Washington Submit, impressed by way of its formidable and consequential journalism,” mentioned Bezos in a commentary. “As of late, I stand assured in that long run realizing it’s within the palms of Will, an outstanding, tenacious {industry} government whose background in fierce, award-winning journalism makes him the precise chief on the proper time.”
The Gentleman Report’s Oliver Darcy contributed reporting.
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