Will Lewis to Depart Post at Dow Jones
April 08 2020 - 4:23PM
Business Wire
News Corp announced today that Will Lewis will be departing as
CEO of Dow Jones and Publisher of The Wall Street Journal. Mr.
Lewis will continue to work with his team through the current
COVID-19 crisis for the next month, while a successor will be
announced in the coming weeks.
“Over the past six-plus years, Will Lewis has overseen a
remarkable period of growth and digital transformation at Dow
Jones, making it the finest news and professional information
business in the world,” said Robert Thomson, Chief Executive of
News Corp. “Will’s enthusiastic and inspirational leadership has
helped his company and colleagues reach new heights of journalistic
excellence and financial accomplishment. We will miss him, but we
respect his decision to be in London full time with his
family.”
“There is never a good time to be leaving the best job in U.S.
media. But after six years as CEO of Dow Jones and Publisher of The
Wall Street Journal, it is time to move on. The company is in the
best shape it has been for years, and more than ready to withstand
the changing economic conditions. Thank you in particular to Rupert
and Lachlan Murdoch and Robert Thomson and my amazing colleagues
for all their support over the years,” said Mr. Lewis.
Will Lewis was named to his current position in May 2014, after
serving as Interim CEO beginning in January 2014. Since that time,
Dow Jones and its businesses have experienced:
- A substantial increase in the number of subscriptions,
surpassing 3.5 million in February 2020, as previously
reported;
- An increase in digital-only subscriptions, with The Wall Street
Journal exceeding 2 million in February 2020, as previously
reported;
- Growth in the Dow Jones Risk & Compliance business, where
revenues grew 21% in the 2nd quarter of Fiscal Year 2020. Risk
& Compliance has seen over 20% revenue growth for 12 straight
quarters;
- Barron's subscribers hit a record in the 2nd quarter of Fiscal
Year 2020 as well, at 615,000, up 8% over the prior year;
- Dow Jones entered significant platform partnerships that
include financial payments for journalism from Apple and
Facebook.
- In the first half of Fiscal Year 2020, Dow Jones posted higher
revenues, with Dow Jones and The Wall Street Journal experiencing
record subscriber levels.
Mr. Lewis rejoined News Corp in 2010 as Group General Manager at
News International (now News UK) and became Chief Creative Officer
at News Corp in 2013. Beforehand, he was Editor-in-Chief of the
Telegraph Media Group, and also served as Business Editor of The
Sunday Times and Global News Editor of the Financial Times.
About News Corp
News Corp (NASDAQ:NWS)(NASDAQ:NWSA)(ASX:NWS)(ASX:NWSLV) is a
global, diversified media and information services company focused
on creating and distributing authoritative and engaging content and
other products and services. The company comprises businesses
across a range of media, including: news and information services,
subscription video services in Australia, book publishing and
digital real estate services. Headquartered in New York, News Corp
operates primarily in the United States, Australia, and the United
Kingdom, and its content and other products and services are
distributed and consumed worldwide. More information is available
at: http://www.newscorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200408005736/en/
News Corp Investor Relations Michael Florin 212-416-3363
mflorin@newscorp.com
News Corp Corporate Communications Jim Kennedy 212-416-4064
jkennedy@newscorp.com
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