William Lewis

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William Lewis Biography

William Lewis (born 2 April 1969) is a British media executive and was formerly chief executive of Dow Jones and Company and publisher of The Wall Street Journal. Earlier in his career he was known as a journalist and then editor.

In 1991, Lewis was hired as a finance reporter by The Mail on Sunday. In 1994 he left the tabloid to take a job in the Financial Times’ investigative unit. He later became fund management correspondent and then mergers and acquisitions correspondent. In 1999, while posted at the New York office he broke the story of the ExxonMobil merger, the biggest industrial merger in US corporate history. The scoop surprised the US business media and helped establish the Financial Times in the US. Following this Lewis was promoted to Global News Editor. He was then poached to become Business Editor at The Sunday Times, where he remained for three years, from 2002 to 2005.

Lewis joined the Telegraph Media Group as city editor in August 2005 and was made deputy editor of The Telegraph while he was still working out his notice from The Sunday Times. In October 2006 he became The Daily Telegraph’s youngest ever editor. On joining The Telegraph, Lewis described the newspaper as a “shambles”, with “no innovation, no culture of improvement, no understanding of the need to perform, of needing to work with your colleagues rather than be at war with them.”

In November 2009, Lewis returned to the UK, and founded Euston Partners, a digital development division based in Euston, London, staffed by a team of Telegraph employees. The aim of the division was to find a way for newspapers to make money from the emerging App economy. In January 2010 Lewis took the title of Managing Director Digital, while retaining his position of group editor in chief. Shortly after this he gave up the daily running of Sunday and Daily Telegraph. He was succeeded in the editor’s chair by Tony Gallagher in late 2009, but remained editor-in-chief.

In the summer of 2009, Lewis took a two-month sabbatical from TMG to attend the Advanced Management Program at Harvard Business School – a compressed version of the college’s famed Masters in Business Administration. Towards the end of this period Lewis was joined by TMG chief executive Murdoch MacLennan who stayed to hammer out Lewis’s future at TMG.

In 2009, Lewis spoke publicly for the first time about the scandal in a BBC Radio 4 Interview with the BBC Political Editor Nick Robinson. In the interview Lewis responded to claims by that his newspaper’s coverage had irreparably damaged parliament and democracy as “Absolute, complete rubbish.” In the interview Lewis claimed: “It is going to open up parliament to a whole new generation of people who understand what it means to be a representative of British citizens,” he said. He described the removal of criminal MPs from Parliament as “undeniably a good thing for the United Kingdom.”

The publication of the story led to the resignation of the Speaker of the House of Commons, Michael Martin, a further six government ministers and the creation of the Independent Parliamentary Standards Authority. A police investigation into the leak was called off in May 2009. A statement issued by Scotland Yard said that although the unauthorised disclosure of information appeared to “breach public duty”, much of the information was in the process of being prepared for release under the Freedom of Information Act.

In December 2010, Daily Telegraph reporters secretly recorded the UK Business Secretary Vince Cable making a number of unguarded remarks about the UK government and also his view that “we have declared war on Murdoch”. The Telegraph reported the remarks about government, but did not publish his views on Murdoch. These views were controversial, because Cable was overseeing in a sub-judicial role the bid by Murdoch’s News Corporation for all of BSkyB. The remarks about Murdoch were leaked to the BBC’s Business Editor, Robert Peston. He broadcast them, to the consternation of The Telegraph and of Cable who was forced to step aside from his oversight of the BSkyB bid.

Almost immediately on joining, an article in The New York Times caused the ongoing issue of illegal phone message interception by the News of the World to flare up. Towards the end of 2010, Lewis was informed that the company was facing a large number of civil actions relating to phone hacking. On 10 January, Lewis sent out a formal instruction to the IT staff at News International that all evidence relevant to various civil and criminal actions was to be retained on News International’s email servers.

In September 2010 Lewis was hired by News International as group general manager. A key part of this new role was to modernise the company and create streamlined digital newsrooms as he had done at TMG.

Despite this success, all was not well within TMG. Lewis wanted to create a standalone business with a “start-up mentality” from the digital unit, whereas MacLennan wanted the Euston-based project to remain within his control at TMG. Unable to come to an agreement with MacLennan, Lewis departed on May 5, 2010, just six months. The split was described in the press as “amicable” but that Maclennan had been “impatient to see results”. TMG said they would continue to maintain the digital division.

At the 2010 British Press Awards, The Telegraph was named the “National Newspaper of the Year” for its coverage of the MPs’ expenses scandal (named “Scoop of the Year”), with Lewis winning “Journalist of the Year” for his role.

From September 2010 to July 2011, Lewis worked as General Manager of the newspaper publisher News International, playing a role in the company’s response to the phone hacking crisis. In July 2011, following the closure of the News of the World, Lewis left News International to join the Management and Standards Committee, an independent division led by Lord Grabiner QC, created by the News Corp board to orchestrate cooperation with multiple law enforcement investigations into News International.

In July 2011, Reuters reported that the corporate investigations firm Kroll had “strong reasons” to suspect that Lewis had been involved in the leak to Peston. The leaks took place three months after Lewis left the Telegraph. They were seen to be of commercial benefit to News Corporation, the parent company of News International, in relation to the News Corporation takeover bid for BSkyB. Kroll interviewed several Telegraph journalists, and examined their email and phone records, but was unable to determine which disgruntled journalists decided to blow the whistle on the Telegraph’ s decision not to publish the Cable comments on Murdoch.

Metropolitan Police Service investigations Operation Weeting (phone hacking) and Operation Elveden (corruption of public officials) resulted in a string of arrests of News International journalists from October 2011 to Mid 2012, prompting complaints from Sun staff that the paper was subject to a “witch hunt.” Though no Sun journalists were successfully convicted by Operation Elveden, News of the World feature writer Dan Evans received a 10-month suspended sentence. Operation Weeting successfully convicted News of the World journalists Neville Thurlbeck and Greg Miskiw who were both sentenced to six months in prison. Former News of the World editor Andy Coulson received an 18-month sentence.

The Terms of Reference were published on 21 July 2011. “The MSC was authorised to cooperate fully with all relevant investigations and inquiries in the News of the World phone hacking case, police payments and all other related issues across News International, as well as conducting its own enquiries where appropriate.”

The formal establishment of the Management and Standards Committee was confirmed on July 18, 2011. The MSC was chaired by Lord Grabiner QC, a senior commercial lawyer, taking legal advice from the law firm Linklaters. The MSC reported directly to News Corp board members Joel Klein and Viet Dinh. Both Dinh and Klein were former US Assistant Attorney Generals. Lewis, was named in the press release as a “full time executive member.

He stepped down as group general manager in July 2011 to take a role as an executive member of the Management and Standards Committee, an independent division of News Corp mandated by the board to cooperate fully with all authorities investigating wrongdoing at News International.

As of 20 July 2012, Lewis began the process of departing the MSC.

In 2012, Lewis told the Leveson Inquiry: “the reason [the source] had come to the Telegraph was he wanted to ensure fair and balanced coverage. He wanted to be certain that the Labour MPs and the Conservative MPs all had their chance to have their day in the sun, as it were.” The intermediary, a former SAS officer John Wick, had already offered the story to a number of other newspapers, all of whom had been reluctant to take the risk of publishing, or meet the price set by Wick.

Since 2014 the company has experienced growth in readership and revenues, most recently Dow Jones reported 6% growth in 2019 News Corp results. Dow Jones Risk & Compliance data business reported 22% revenue growth in the third quarter of fiscal 2019. During his tenure, the WSJ won a Pulitzer Prize for uncovering President Trump’s relationship with Michael Cohen and payoffs to the adult movie actress, Stormy Daniels.

On 9 May 2014 Lewis was confirmed as CEO of Dow Jones and Company, and publisher of The Wall Street Journal, following the departure of previous CEO Lex Fenwick in 2014. Lewis had responsibility for the publication of the Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, the business information and research tool; Barron’s, the weekly magazine and Dow Jones Financial News and Newswires. He has focused on modernising the Wall Street Journal newsroom, and developing the technology and data businesses.

Lewis was appointed interim CEO of Dow Jones and Company on 21 January 2014.

In a panel at the Cannes Lions in 2015 he said that: “the issue for us, and I think the broader industry, is do we run headless chicken-like towards offers from companies like Apple and Facebook to put our content in their walled gardens?. Or do we pause and think together about what the most appropriate way of dealing with these opportunities are and make sure that we don’t repeat the mistakes of the past? Professionally created news is of incredible importance in society and has deep moral purpose”.

As part of a 2016 review into its hiring and compensation practices, Dow Jones retained an outside consultancy, Willis Towers Watson. Lewis vowed to address all pay disparities within the company. In an email to employees he wrote: “Any pay disparity relating to an employee’s race or gender is troubling and inconsistent with the standards I strive to maintain at Dow Jones. We must, as a matter of urgency, address these issues head on.” In a lecture to Cass Business School Lewis said: “Perhaps the most important role of being a good CEO is making sure you have the right people – with the most diverse backgrounds – in the most important jobs inside the company. I can tell you from personal experience that the more diverse a culture, the better the ideas and the increased likelihood of success.”

In a 2016 interview with Ian Burrell of The Drum magazine, Lewis accused Facebook and Google of “killing news” commenting that he spent years “badgering away” at Google and Facebook, trying to persuade them to change their news distribution methods. “We kept warning them, saying ‘This is an accident waiting to happen – you are treating fake news in the same way as you are treating Wall Street Journal news. This is going to end up biting you.’ And so here it is, biting them!

In a 2016 interview with Ian Burrell of The Drum magazine, Lewis accused Facebook and Google of “killing news” commenting that he spent years “badgering away” at Google and Facebook, trying to persuade them to change their news distribution methods. “We kept warning them, saying ‘This is an accident waiting to happen – you are treating fake news in the same way as you are treating Wall Street Journal news. This is going to end up biting you.’ And so here it is, biting them!

In 2017 the company announced a partnership with the UK’s National Theatre to support international engagement for the Theatre company.

In a 2017 in an interview with the Evening Standard, Lewis said: “I think MPs’ expenses began that disgust with the political class. Brexit has to be seen within that context. If the House of Lords is our main defence against stupidity, that doesn’t make me very happy.”

Geng Shuang, a spokesman for China’s Ministry of Foreign Affairs, passed on a Chinese Government demand that the Wall Street Journal “recognize the seriousness of the error, openly and formally apologize, and investigate and punish those responsible, while retaining the need to take further measures against the newspaper.”

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