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Stock impact report

Washington Post publisher Will Lewis steps down days after massive layoffs gut the newspaper [CNN]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
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Company Research Source: CNN
The Washington Post's publisher Will Lewis has stepped down, just days after the newspaper laid off one third of its newsroom “After two years of transformation at The Washington Post, now is the right time for me to step aside,” Lewis wrote Saturday afternoon in a brief note to staff. “I want to thank Jeff Bezos for his support and leadership throughout my tenure as CEO and Publisher. The institution could not have a better owner.” “During my tenure, difficult decisions have been taken in order to ensure the sustainable future of The Post so it can for many years ahead publish high-quality nonpartisan news to millions of customers each day,” Lewis' note concluded. The Post said that CFO Jeff D'Onofrio, the former CEO of Tumblr, will take over as acting publisher and CEO, “effective immediately.” Saturday evening's unusual announcement made no mention of Lewis staying on board in any capacity to support the transition, suggesting a very sudden change. Lewis had lost the con Show less Read more
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