Former Dow Jones CEO William Lewis Appointed Publisher of The Washington Post Amid Financial Challenges and Layoffs

Former Dow Jones CEO Will Lewis aims to lead a turnaround at the Washington post, amid year-end projected losses of $100m and plans to cut 240 jobs.

Former Dow Jones CEO William Lewis has been appointed as Chief Executive and Publisher of The Washington Post, one of America's premier media companies, which is currently facing financial difficulties and plans for layoffs.
The Washington Post is projected to lose around $100 million by the end of the year and has recently announced plans to cut 240 jobs. The publication has been struggling with a drop in audience and subscribers post-Trump administration.
Mr. Lewis is a former editor at The Daily Telegraph and was involved in Murdoch's News Corp for over a decade. He served as CEO of Dow Jones and published The Wall Street Journal from 2014 to 2020. He is recognized for his efforts in growing the Journal’s digital subscriber base.
Prior to his new appointment, Lewis had been attempting to gather a consortium to bid for The Telegraph. With his new responsibilities at The Washington Post, the bid for The Telegraph now seems highly unlikely.
Lewis acknowledged the immediate challenges he faces in his new role but expressed optimism about the future of the institution. He also emphasized his commitment to championing high-quality journalism and safeguarding democratic values at The Washington Post.