Berliner Boersenzeitung - Washington Post CEO out after sweeping job cuts

Though newspapers across the United States have been facing brutal industry headwinds, Lewis's management of the outlet was sharply criticized by subscribers and employees alike during his two-year tenure as he tried to reverse financial losses at the daily.

Lewis, who is English, has been replaced by Jeff D'Onofrio, a former CEO of social media platform Tumblr who had joined the Post as chief financial officer last year, the paper announced.

In an email to staff shared on social media by one of the newspaper's reporters, Lewis said it was "the right time for me to step aside."

A statement from the Post said only that D'Onofrio was succeeding Lewis "effective immediately."

Hundreds of Post journalists -- including most of its overseas, local and sports staff -- were let go in the sweeping cuts announced on Tuesday.

The Post did not disclose the number of jobs being eliminated, but The New York Times reported approximately 300 of its 800 journalists were laid off.

The paper's entire Middle East roster was let go as was its Kyiv-based Ukraine correspondent as the war with Russia grinds on.

Sports, graphics and local news departments were sharply scaled back and the paper's daily podcast, Post Reports, was suspended, local media reported.

Hundreds turned out Thursday at a protest in front of the paper's headquarters in downtown Washington.

- Editorial interference -

Newspapers across the country have cratered under falling revenues and subscriptions as they compete for eyeballs with social media, and as internet revenue pales in comparison to what print advertising once commanded.

However, national papers like The New York Times and The Wall Street Journal have managed to weather the storm and come out financially solid -- something the Post, even with a billionaire backer, has failed to do.

In Lewis's note to staff, shared on X by White House bureau chief Matt Viser, Lewis said "difficult decisions have been taken" during his tenure "in order to ensure the sustainable future of The Post so it can for many years ahead publish high-quality nonpartisan news."

Bezos, one of the world's richest people, and Lewis have come under scrutiny for intervening directly in the paper's editorial processes.

Bezos reined in the newspaper's liberal-leaning editorial page and blocked an endorsement of Democratic presidential candidate Kamala Harris days before the 2024 election -- breaking the so-called firewall of editorial independence.

He was widely seen as bowing to Trump.

The Wall Street Journal reported last month that 250,000 digital subscribers left the Post after it refrained from endorsing Harris, and the paper lost around $100 million in 2024 as advertising and subscription revenues fell.

Marty Baron, the Post’s executive editor until 2021, said that the job cuts ranked "among the darkest days in the history of one of the world's greatest news organizations."

(T.Renner--BBZ)