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Stock impact report

Will Lewis steps down as publisher and CEO of The Washington Post days after layoffs [MSNBC.com]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: MSNBC.com
Will Lewis has stepped down as the publisher and chief executive of The Washington Post just days afterlayoffs struck a third of the paper’s newsroomAdvertising executive Jeff D’Onofrio, formerly chief executive at art and fandom site Tumblr, has been appointed as acting publisher and CEO and will assume the role immediately, the publication said.In a brief email to the newspaper’s staff on Saturday, Lewis said it was “the right time for me to step aside” and thanked owner Jeff Bezos.“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 wrote in the email.Lewis, a veteran British media executive, was hired to run the Post in late 2023 by Bezos, who acquired the newspaper in 2013 for roughly $250 million. Lewis was tasked partly with reversing a precipitous decline in readership and annual losses in the tens of millions.Le Show less Read more
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