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According to a Fox News report, The Washington Post’s CEO William Lewis warned his staff during a recent meeting that “People are not reading your stuff” and “We’re losing large amounts of money.”

The exchange occurred during a meeting that followed the sudden ouster of executive editor Sally Buzbee, according to the paper’s own reporting.

“We are going to turn this thing around, but let’s not sugarcoat it. It needs turning around,” Lewis told the paper. “We are losing large amounts of money. Your audience has halved in recent years. People are not reading your stuff. Right. I can’t sugarcoat it anymore.”

From Fox News:

Lewis informed his staff Sunday night that Buzbee, who joined the Post in 2021, was parting ways with the paper “effective immediately.” He announced her temporary replacement would be former Wall Street Journal editor-in-chief Matt Murray, who is expected to hold the position through the 2024 election cycle, and that the paper was being restructured into “three newsrooms,” in hopes of turning things around for the beleaguered “Democracy Dies in Darkness” publication.

The Washington Post reported Monday that Buzbee was uncomfortable with an offer to run a different division of the paper. She also reportedly had urged Lewis to hold off on implementing such changes until after the election, which Lewis refused.

The dramatic changes “left the newsroom reeling,” according to the Post.

Lewis, the British media executive who joined the Post earlier this year, addressed the restructuring in a tense newsroom meeting Monday, where he offered a grim assessment of the current state of the paper in what was described as a “heated exchange” with a staffer.

“Lewis warned that the newsroom cannot afford to be resistant to change, saying that ‘decisive, urgent’ actions are needed for the company to survive upheaval within the media industry and a recent loss of subscribers and revenue,” the Post reported.

More over at Fox News: