By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Jeff Bezos supports embattled CEO of Washington Post in memo to staff
News

Jeff Bezos supports embattled CEO of Washington Post in memo to staff

News Room
Last updated: 2024/06/18 at 4:23 PM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Jeff Bezos has made his first public comments since a leadership crisis shook The Washington Post, telling the newspaper’s senior staff that its business practices needed to change but its journalistic standards would remain high.

The billionaire founder of Amazon issued a memo on Tuesday, a copy of which was obtained by the Financial Times, in response to a growing backlash against Will Lewis, the chief executive he picked to turn around the lossmaking Washington publication. Bezos sent the memo via an email titled “Quality Journalism” to a dozen senior editors at The Post.

“It can’t be business as usual at The Post. The world is evolving rapidly and we do need to change as a business,” wrote Bezos, who acquired the title for $250mn more than a decade ago.

“You also know our standards at The Post have always been very high. That can’t change — and it won’t,” he wrote.

The memo amounted to an effort to quell rising opposition to Lewis and one of two new editors he picked to run its newsroom, who have been dogged by allegations of questionable ethical practices dating to their days in the cut-throat world of British journalism. It also appeared intended to signal Bezos’s support for Lewis, who was copied on the email.

“You have my full commitment on maintaining the quality, ethics, and standards we all believe in,” Bezos said.

Under Bezos’s ownership, The Post enjoyed a renaissance during the rise of Donald Trump, adding millions of subscribers. But it has struggled to maintain momentum, losing half of its audience since the 2020 election and posting a $77mn loss last year.

The Post’s newsroom has revolted against Lewis, a British former Rupert Murdoch lieutenant Bezos appointed as publisher last year. Lewis served as the CEO of Murdoch-owned Dow Jones and publisher of The Wall Street Journal from 2014 to 2020, a period of revenue and readership growth for the organisation.

Lewis earlier this month abruptly replaced executive editor Sally Buzbee with his former colleagues, sparking a crisis in confidence over his leadership that has continued to gain steam over the past few weeks.

Media organisations have been delving into Lewis’s involvement in the Murdoch phone-hacking scandal that captivated the UK more than a decade ago, prompting questions about Lewis’s ethics and whether he is fit to lead one of America’s most-storied news institutions.

The Post on Sunday published an investigation into Lewis and Robert Winnett, his chosen incoming editor, and has appointed former senior editor Cameron Barr to oversee coverage of Lewis. “We cover The Washington Post independently, rigorously and fairly. The publisher has no involvement in or influence on our reporting,” a representative said in a statement.

Prominent US journalists such as Nicholas Kristof have openly questioned whether Lewis can carry on as publisher and CEO of the Post. However, that decision resides solely with Bezos, who was photographed this week in Mykonos, Greece, with his fiancée Lauren Sánchez.

Read the full article here

News Room June 18, 2024 June 18, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Tailwinds for US and global economic growth

Watch full video on YouTube

Why every brand now has a cafe

Watch full video on YouTube

NewtekOne, Inc. (NEWT) Q4 2025 Earnings Call Transcript

Operator Thank you for standing by, and welcome to NewtekOne, Inc.'s Fourth…

Tesla lurches into the Musk robotics era

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Keir Starmer meets Xi Jinping in bid to revive strained UK-China ties

Stay informed with free updatesSimply sign up to the Chinese politics &…

- Advertisement -
Ad imageAd image

You Might Also Like

News

NewtekOne, Inc. (NEWT) Q4 2025 Earnings Call Transcript

By News Room
News

Tesla lurches into the Musk robotics era

By News Room
News

Keir Starmer meets Xi Jinping in bid to revive strained UK-China ties

By News Room
News

Canadian Pacific Kansas City Limited (CP:CA) Q4 2025 Earnings Call Transcript

By News Room
News

SpaceX weighs June IPO timed to planetary alignment and Elon Musk’s birthday

By News Room
News

Japan’s discount election: why ‘dirt cheap’ shoppers became the key voters

By News Room
News

Logitech International S.A. (LOGI) Q3 2026 Earnings Call Transcript

By News Room
News

US to invest $1.6bn into rare earths group in bid to shore up key minerals

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?