Washington Post appoints William Lewis as CEO; to reduce headcount by 10%

William Lewis, the former Dow Jones chief executive and publisher of The Wall Street Journal has been named chief executive and publisher of The Washington Post, the Post said on Saturday.

The Washington Post said that it is projected to end the year taking a $100 million loss. The publisher added that executives are offering buyouts across the company in an effort to reduce its head count by about 10 percent, the newsroom is expected to shrink to about 940 journalists.

Lewis's appointment comes at a time when the media...