After what can generously be referred to as a contentious tenure because the CEO of The Washington Submit, Will Lewis is stepping down following mass layoffs this week. Jeff D’Onofrio, former CEO of Tumblr from 2017 to 2022, will step in as appearing CEO and writer. D’Onofrio has been CFO on the Submit since June of final 12 months, that means he’s had a entrance row seat to Jeff Bezos’ dismantling of the as soon as storied paper for the final 9 months.
D’Onofrio’s resume doesn’t embody in depth expertise in conventional information media, nor many notable success tales. He was briefly the overall supervisor of Yahoo Information whereas it was nonetheless a Verizon property, earlier than shifting his focus solely to Tumblr. Underneath his management, Tumblr tried to scrub up its picture by banning grownup content material, however its site visitors fell by 30 p.c. Yahoo had bought Tumblr for $1.1 billion in 2013. By 2019, it was bought to Automated, the proprietor of WordPress, reportedly for lower than $3 million.
