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☆ Venture firms could be the latest target for AI disruption, and that's not the only threat to VCs
▼ + stars: | 2024-06-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how AI could completely upend venture capitalism amid a wider shakeup for the industry . The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from). Some of the adjustments aren't novel to the VC industry. ACME Capital; Getty Images, Chelsea Jia Feng/BIThe VC industry might be doomed with or without AI. AdvertisementScott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that half of today's VC firms will shutter in the next decade .

Persons: —, VCs zentilia, Jenny Chang, Rodriguez, Insider's Ben Bergman, Ben, Long, Scott Stanford, Chelsea Jia Feng, BI's Blake Dodge, Hany Nada, Jared Siskin, Bobby Jain's, Jonathan Barton, Jain, Rebecca Zisser, OpenAI, Apple, Elif, Jeff Bezos, Robert Winnett, Will Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, ACME, Getty, ACME Capital, Stanford, BI, Madison, Conservancy, Jain, EV, Ford, European, Regulators, Anadolu Agency, Getty Images, Washington, Harvard, Leagues Locations: today's, Wall, Saudi, Saudi Arabia, Europe, Brazil, Southeast Asia, London, American, Paris, New York, Chicago

☆ Washington Post will not bring in Robert Winnett as its top editor after report raised ethical questions
▼ + stars: | 2024-06-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —Robert Winnett, the British journalist who was slated to take over as executive editor of The Washington Post, will no longer join the newspaper. Washington Post publisher Will Lewis broke the news to newspaper staffers in a memo Friday morning. “It is with regret that I share with you that Robert Winnett has withdrawn from the position of Editor at The Washington Post. After a scathing report from Washington Post staff, Robert Winnett will remain at the Daily Telegraph and will not join the Post as its new editor. Spokespersons for the Telegraph and The Washington Post did not immediately comment.

Persons: Robert Winnett, Will Lewis, Rob, ” Lewis, “, Winnett, ”, Chris Evans, “ I’m, Rob Winnett, ” “, Matt Murray Organizations: CNN, The Washington Post, . Washington Post, The Telegraph Media, Washington Post, Daily Telegraph, LinkedIn, Post, London’s Telegraph, Telegraph Locations: British

☆ Editor Tapped to Lead Washington Post Won’t Take the Job
▼ + stars: | 2024-06-21 | by ( Benjamin Mullin | Katie Robertson | ) www.nytimes.com time to read: +1 min

Robert Winnett, the editor selected to run The Washington Post, will not take up that position, after reports raised questions about his ties to unethical news gathering practices in Britain. Mr. Winnett will stay at The Daily Telegraph, where he is the deputy editor, according to emails sent on Friday to employees of the London-based newspaper and to staff at The Post. “I’m pleased to report that Rob Winnett has decided to stay with us,” read a message to Telegraph employees from the newspaper’s top editor, Chris Evans. “It is with regret that I share with you that Robert Winnett has withdrawn from the position of editor at The Washington Post,” Mr. Lewis wrote. “Rob has my greatest respect and is an incredibly talented editor and journalist.” He said that The Post would run a search to fill that role.

Persons: Robert Winnett, Winnett, “ I’m, Rob Winnett, ”, Chris Evans, “, ” Will Lewis, ” Mr, Lewis, “ Rob Organizations: Washington Post, Daily Telegraph, The, The Washington Post Locations: Britain, London

☆ Jeff Bezos' plan for The Washington Post is imploding
▼ + stars: | 2024-06-21 | by ( Kieran Corcoran | Chris Johnston | ) www.businessinsider.com time to read: +1 min

Jeff Bezos is trying to end a financial catastrophe at The Washington Post, employing new leaders. But on Friday a crucial player, Robert Winnett, decided not to join and helm the newsroom after all. AdvertisementJeff Bezos has grand plans to remake The Washington Post. The incoming editor for the newsroom — Robert Winnett, the golden boy of the UK's Daily Telegraph newspaper — pulled out of the job Friday morning. He ditched the role after a slew of revelations about his own past as a writer in London and that of Will Lewis, the Washington Post publisher and old friend who tapped him for the top job.

Persons: Jeff Bezos, Robert Winnett, —, Will Lewis Organizations: Washington Post, Service, Daily Telegraph, Business Locations: London

☆ Jeff Bezos is under fire at the Washington Post as patience wears thin among staffers
▼ + stars: | 2024-06-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —When will Jeff Bezos actually address the upheaval roiling his newsroom? “Will Lewis needs to step down for the good of The Post and the public,” wrote Higham on Facebook. But surely the billionaire understands the dire situation gripping The Post. Staffers at The Post are very much waiting for Bezos to take some meaningful form of action. In the absence of Bezos, the stories raising questions about Lewis’ ethical integrity keep coming.

Persons: Jeff Bezos, Will Lewis, Bezos, Lewis, Robert Winnett, David Maraniss, doesn’t, Scott Higham, Lewis ’, “ Will Lewis, ”, Higham, it’s, He’s, Boris Johnson, Johnson Organizations: New York CNN, Washington Post, The, Facebook, CNN, Financial Times, New York Times Locations: New York, Higham

☆ Pulitzer Prize-winning Washington Post journalists call for leadership change amid publisher scrutiny
▼ + stars: | 2024-06-20 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Two Pulitzer Prize-winning journalists at The Washington Post went on the record late Wednesday, calling for leadership change at the storied newspaper as questions swirl over the integrity of its new publisher and chief executive, Will Lewis. “Will Lewis needs to step down for the good of The Post and the public,” Higham replied in a comment on Maraniss’ post. “He has lost the newsroom and will never win it back.”Spokespersons for Bezos and The Post did not immediately comment. Inside The Post’s newsroom, morale has plunged as staffers express alarm over Lewis’ conduct and worries over the future direction of the newspaper under his leadership. “Bezos must recruit an accomplished, experienced editor whom journalists admire and trust.”

Persons: Will Lewis, “, ” David Maraniss, ” Maraniss, Jeff Bezos, Lewis, ” Scott Higham, Maraniss, “ Will Lewis, ” Higham, ”, Lewis ’, Robert Winnett, Rupert Murdoch’s, David Folkenflik, ” Lewis, Bezos, ” Bezos, Jeffrey Sonnenfeld, Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: CNN, The Washington Post, The, New York Times, NPR, Post, Yale School of Management

☆ Jeff Bezos weighs in on the chaos gripping his newspaper
▼ + stars: | 2024-06-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "The journalistic standards and ethics at the Post will not change," Bezos wrote in the email, which was obtained by Business Insider and reported earlier by CNN. This story is available exclusively to Business Insider subscribers. Bezos bought the Post for around $250 million in 2013, but the Times reported the newspaper had $100 million in losses in 2023.

Persons: —, Jeff Bezos, Bezos, Will Lewis, Lewis, Robert Winnett, William, Sally Buzbee, Matt Murray Organizations: Service, The Washington Post, Business, CNN, News Corp, New York Times, Sunday Times, BI, Post, Times, Wall Street, The

☆ Jeff Bezos is facing a dilemma as ethical questions surrounding The Washington Post publisher grow louder
▼ + stars: | 2024-06-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

New York CNN —Jeff Bezos has a decision to make — and it is one that will determine the future course of one of the nation’s most prestigious news organizations. Or he can side with his Pulitzer Prize-winning newsroom, which is repudiating their new leader in clear and unmistakable terms. And The Post reported Sunday that a “thief” who used deceptive tactics to obtain private material had ties with Winnett. The stories landed like a one-two punch in The Post newsroom, raising even more alarm and upping the panic level at the newspaper to new heights. When Bezos first appointed Lewis, staffers at The Post understood that he needed to appoint a publisher and chief executive who would shake things up in the newsroom.

Persons: Jeff Bezos, Will Lewis, Lewis, Rupert Murdoch, Sally Buzbee, Murdoch, David Folkenflik, Robert Winnett, ”, Bezos, Fred Ryan, Donald Trump, they’re, we’ve, I’m, Jeffrey Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: New York CNN, Washington Post, Fleet Street, CNN, NPR, New York Times, Post, Times, Good, Yale School of Management Locations: New York

☆ Jeff Bezos breaks his silence about turmoil at The Washington Post
▼ + stars: | 2024-06-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Jeff Bezos, the billionaire owner of The Washington Post, broke his silence Tuesday on the mounting turmoil within his newspaper, expressing support for maintaining high standards at the storied publication as questions swirl over the ethical integrity of its new publisher, Will Lewis. Bezos added in the memo, which was obtained by CNN, that “it can’t be business as usual” at The Post, which has been plagued by financial and audience woes. With your support, we’ll do that and lead this great institution into the future,” Bezos wrote. “But, as the newsroom leaders who’ve been shaping and guiding our coverage, you also know our standards at The Post have always been very high. That can’t change — and it won’t.”“You have my full commitment on maintaining the quality, ethics, and standards we all believe in,” Bezos added.

Persons: Jeff Bezos, Will Lewis, “, ” Bezos, Lewis, Bezos, Carlotta Cardana, ”, Lewis ’, Robert Winnett, Rupert Murdoch’s, David Folkenflik, ” Lewis, Jeffrey Sonnenfeld, Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: CNN, The Washington Post, The News, Bloomberg, Getty, New York Times, NPR, Post, Yale School of Management Locations: The, London

☆ Washington Post Publisher and Incoming Editor Are Said to Have Used Stolen Records in Britain
▼ + stars: | 2024-06-15 | by ( Justin Scheck | Jo Becker | ) www.nytimes.com time to read: +1 min

The publisher and incoming editor of The Washington Post used fraudulently obtained phone and company records in newspaper articles as journalists in London, according to a former colleague, the published account of a private investigator and an analysis of newspaper archives. Will Lewis, The Post’s publisher, assigned one of the articles in 2004 as business editor of The Sunday Times. Another was written by Robert Winnett, whom Mr. Lewis recently announced as The Post’s next executive editor. The use of deception, hacking and fraud is at the heart of a long-running British newspaper scandal, one that toppled a major tabloid in 2010 and led to years of lawsuits by celebrities who said that reporters improperly obtained their personal documents and voice mail messages. Mr. Lewis has maintained that his only involvement in the controversy was helping to root out problematic behavior after the fact, while working for Rupert Murdoch’s News Corporation.

Persons: Will Lewis, Robert Winnett, Lewis, Rupert Organizations: The Washington Post, Sunday Times, Rupert Murdoch’s News Corporation Locations: London

☆ Morale plummets inside The Washington Post as staffers express alarm over publisher’s attempts to squash story
▼ + stars: | 2024-06-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

New York CNN —Will Lewis is quickly losing the confidence of his newsroom. At The Post, according to more than a half-dozen staffers who spoke with CNN Thursday, morale has fallen off a cliff since Lewis abruptly ousted Executive Editor Sally Buzbee on Sunday. Lewis’ uncouth dispatching of Buzbee poisoned much of the goodwill he had earned with his employees over the preceding six months. Indeed, the day after he announced Buzbee’s exit, staffers pressed him in a town hall about the circumstances that led to her departure. Will Lewis, the publisher of The Washington Post, finds himself embroiled in a scandal affecting the newsroom itself.

Persons: Will Lewis, —, Lewis, Sally Buzbee, “ It’s, Lewis ’, Buzbee, Matt Murray, Robert Winnett, Rupert Murdoch’s, Prince Harry, Carlotta Cardana, David Folkenlik, Lewis “, heatedly —, Folkenflik, ” Folkenflik, Puck’s Dylan Byers, Byers, Sarah Ellison, Elahe Izadi, ” Lewis, “, Ellison, Izadi, Jeff Bezos, “ He’s, ”, don’t Organizations: New York CNN, The Washington Post, CNN, Wall Street, Fleet Street, News Corporation, The New York Times, Bloomberg, Getty, NPR, “, Columbia Journalism School Locations: New York, —, Washington

☆ The Low-Key British Newshound Taking Charge of The Washington Post
▼ + stars: | 2024-06-03 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

In the swashbuckling world of British newspapers, the editor Robert Winnett stands out for his lack of flash. His ascent is due to his longstanding ties to Will Lewis, the chief executive of The Post. Mr. Lewis, a Fleet Street star, mentored Mr. Winnett at The Sunday Times of London and later at The Telegraph, where Mr. Winnett spearheaded a groundbreaking investigation into fraudulent expenses that led to the resignations of scores of British politicians. But Mr. Winnett remains an unknown quantity, both in elite American media circles and within the newsroom he will soon lead. He will arrive at The Post after 17 years at The Telegraph, a center-right paper associated with Britain’s Conservative Party.

Persons: Robert Winnett, Winnett, ”, Will Lewis, Lewis Organizations: The Daily Telegraph, The Washington Post, The, Fleet, The Sunday Times of, Britain’s Conservative Party Locations: Mayfair, The Sunday Times of London

☆ Sally Buzbee, Washington Post Editor, to Leave Role
▼ + stars: | 2024-06-02 | by ( Katie Robertson | Benjamin Mullin | ) www.nytimes.com time to read: 1 min

The executive editor of The Washington Post, Sally Buzbee, will leave her role, a major and sudden change at one of the nation’s pre-eminent news organizations. Matt Murray, the former editor in chief of The Wall Street Journal, will take her place through the presidential election, the company said on Sunday night. Robert Winnett, a deputy editor of the Telegraph Media Group in Britain, will take over after the election. Mr. Murray will then transition to a new role, the company said in a news release, building a new division of The Washington Post focused on service and social media journalism. At that point, Mr. Winnett, Mr. Murray and David Shipley, who oversees the opinion section at The Post, will each report independently to Will Lewis, the chief executive and publisher.

Persons: Sally Buzbee, Matt Murray, Robert Winnett, Murray, Winnett, David Shipley, Will Lewis Organizations: The Washington Post, Street, Telegraph Media Group Locations: Britain

☆ Washington Post abruptly replaces executive editor Sally Buzbee in shakeup
▼ + stars: | 2024-06-02 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —The Washington Post announced on Sunday that it had parted ways with its top editor, Sally Buzbee, in a seismic shakeup executed by new publisher and chief executive William Lewis just months before the high-stakes 2024 presidential election. “Sally is an incredible leader and a supremely talented media executive who will be sorely missed,” Lewis said in a statement. “I wish her all the best going forward.”While Lewis praised Buzbee publicly on Sunday, she oversaw a particularly tumultuous period at the venerable newspaper. The Post said that Matt Murray, former editor in chief of The Wall Street Journal, will immediately replace Buzbee as executive editor. After the November election, Robert Winnett, deputy editor of The Telegraph Media Group, will take on a new role as editor of The Post, overseeing its core news offering.

Persons: Sally Buzbee, William Lewis, “ Sally, ” Lewis, “, Lewis, Buzbee, Matt Murray, Murray, Robert Winnett, Donald Trump, Rupert, “ I’m, Sally, ” Murray, Will Organizations: New, New York CNN, Washington Post, Post, Street, The Telegraph Media Group, The, Wall Street Locations: New York

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