Will Lewis Named as New CEO and Publisher of The Washington Post
The Washington Post has appointed experienced media executive Will Lewis as its new CEO and publisher. Lewis joins the newspaper at a challenging time for the American news industry, with economic headwinds impacting media companies across the country. The Post has recently faced layoffs and cutbacks, including the discontinuation of its Sunday magazine. The ongoing pandemic and inflation have further strained the news industry, with The Post projected to lose around $100 million this year. In an effort to navigate these challenges, the newspaper plans to cut 240 jobs through voluntary buyouts.
Lewis brings a wealth of experience to his new role, having previously served as the CEO of Dow Jones and publisher of The Wall Street Journal. He also held positions as chief creative officer of News Corp. and editor-in-chief of London's Daily Telegraph. Currently, Lewis is the founder, CEO, and publisher of The News Movement, a social-first media business targeting a Gen Z audience.
Lewis is set to assume his new role at The Post on January 2, succeeding interim CEO Patty Stonesifer. Fred Ryan, the previous CEO, stepped down earlier this year after nearly a decade in the position. Lewis expressed his enthusiasm for leading The Post, highlighting the newspaper's history of unflinching journalism and his commitment to championing high-quality journalism and safeguarding democratic values.
Jeff Bezos, the owner of The Washington Post, expressed confidence in Lewis, citing his exceptional industry expertise and background in award-winning journalism. Lewis's appointment comes as the newspaper aims to navigate the evolving media landscape and continue its impact for future generations.
Hot Take: Impact of Will Lewis's Appointment on New Businesses
The appointment of Will Lewis as the new CEO and publisher of The Washington Post could have significant implications for new businesses, particularly those in the media industry.
Understanding the Media Landscape
Lewis's appointment comes at a time when the American news industry is facing economic challenges, including layoffs, cutbacks, and the strain of the ongoing pandemic and inflation. For new businesses, understanding how established companies like The Post navigate these challenges can provide valuable insights into resilience and adaptability in the face of adversity.
Leadership and Experience
Lewis's extensive experience in the media industry, including his previous roles as CEO of Dow Jones and publisher of The Wall Street Journal, offers a blueprint for leadership in the sector. New businesses can learn from his strategic decisions and leadership style as they shape their own paths.
Future-Proofing Business
Lewis's current role as the founder, CEO, and publisher of The News Movement, a social-first media business targeting a Gen Z audience, underscores the importance of future-proofing businesses. By understanding and catering to the needs of younger audiences, new businesses can ensure their relevance and longevity.
In conclusion, while Lewis's appointment primarily affects The Post, it also offers valuable lessons and insights for new businesses navigating the dynamic and challenging media landscape.
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