Will Lewis was one of the names mentioned when The Telegraph's potential sale became public, but his future is now in the US. Getty Images
Will Lewis was one of the names mentioned when The Telegraph's potential sale became public, but his future is now in the US. Getty Images
Will Lewis was one of the names mentioned when The Telegraph's potential sale became public, but his future is now in the US. Getty Images
Will Lewis was one of the names mentioned when The Telegraph's potential sale became public, but his future is now in the US. Getty Images


Will Lewis turns back on Telegraph takeover for lure of American news


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November 07, 2023

For those who know Will Lewis, it was only a matter of when. His restless, striving personality meant that he would make a return to big-time media.

Since leaving Dow Jones, which he ran as chief executive, Lewis – or to give him his full title these days, since being knighted by Boris Johnson for providing advice while prime minister, Sir William Lewis – was detained in PR, managing his own boutique consultancy. He was also partnering former BBC journalist, Kamal Ahmed, in The News Movement, aimed at supplying accurate news and information to social media.

It didn’t seem enough for Lewis, 54. He was keen to become director general of the BBC, but that job went to Tim Davie. He was supposed to be interested in buying a newspaper. Various titles were mooted.

News that he is to be the next chief executive and publisher of The Washington Post, in succession to Fred Ryan, does not shock but nevertheless, it is another leading Brit installed at the apex of US media. Much is being made in London press circles that his Post appointment, coming soon after Mark Thompson’s appointment as head of CNN, is some sign of a British takeover. There have been other Brits parachuted into senior US media jobs as well in the last few years.

It’s a very British thing, the notion that we’re invading the mighty US, showing we’re preferred to the locals to run their major institutions. Famously, it was heralded by the actor Colin Welland who declared at the Oscars ceremony, “the Brits are coming”. They weren’t.

Rather, Thompson had previously been in charge of The New York Times, same as Lewis had been at Dow Jones. Both of them have a resolute toughness and single-mindedness. They’ve been schooled and battle-hardened in the jungle of the UK's Fleet St corps and ferociously competitive newsgathering and subjected to onslaughts from the political class and establishment. That may be what sets them apart.

When The Telegraph came up for sale earlier this year, Lewis was one of the contenders, having apparently secured sufficient funding.

Mr Lewis's job is to wrest a decline in the US paper’s fortunes and revitalise it. AFP
Mr Lewis's job is to wrest a decline in the US paper’s fortunes and revitalise it. AFP

Just about a decade ago Lewis had made himself persona non grata among some journalists in London. The role he played in the phone-hacking affair was a ruthless one.

When it appeared as though the police inquiries would threaten to destroy Rupert Murdoch’s organisation and the tycoon himself, in the UK and in the US, the board set up the “Management and Standards Committee” to co-operate fully with the authorities.

Lewis, who had been working for Murdoch’s UK newspapers as group general manager, was made executive member.

Operating in secrecy, away from the main offices, Lewis and his colleagues dealt with the law enforcers’ requests for evidence about the reporters’ activities. Details supplied by the committee led to numerous arrests and several convictions.

When he was assisting the committee, he was relatively open about his motivation, insisting he’d been appalled by what had been uncovered and that the behaviour of some reporters in pursuit of an “exclusive” had been so bad as to undermine the credibility of the entire profession, risking the imposition of onerous state regulation.

Of course, cynics will say that was a sop but his outrage did appear genuine. Yes, perhaps others would not have taken on such a task; yes, he did not need to do what he did. But that was his reasoning and he stuck to it.

Lewis has never been afraid to tackle totems. As Telegraph editor he steered the paper’s exposure of MPs for fiddling their expenses. It was claimed he was damaging parliament and democracy, a charge he dismissed, saying it was important to restore trust to politics and it could only be to the benefit of ordinary people, future generations and the country if criminal MPs were ejected.

Washington Post owner Jeff Bezos has tapped up the British executive. AP
Washington Post owner Jeff Bezos has tapped up the British executive. AP

The Telegraph, too, had a reputation for backing climate denial. Some of its best-known columnists were ardent eco-sceptics. Under Lewis, The Telegraph’s environmental coverage broadened and became more balanced.

After his stint with the committee, he stayed with Murdoch, going to manage in 2014 Dow Jones, publisher of The Wall Street Journal. He drove digital readership and revenue. The WSJ did not back away from chasing stories regarding Donald Trump, winning a Pulitzer Prize for its work.

Again, he was not afraid to speak out – criticising Google and Facebook for propagating fake news. He also lambasted China for its reaction to the coronavirus outbreak and refused to back down.

The Telegraph building in London. The ownership of the news organisation is up for grabs. Getty Images
The Telegraph building in London. The ownership of the news organisation is up for grabs. Getty Images

Lewis gave the impression on returning from Dow Jones in New York that he had enough of criss-crossing the Atlantic. His family remained in London and he set himself a punishing schedule of living and holding down a demanding, high-profile position in the US on UK time.

Now, the tousle-haired, still youthful-looking Lewis has been tapped up by Washington Post owner Jeff Bezos. A Lewis characteristic is his ability to engage with top management and industry leaders just as easily as with sub-editors and junior reporters. He has an easy charm.

The two are said to have made contact when Lewis was seeking funding for his Telegraph bid. That may be so, but it’s also likely that he was on the executive search radar, given his experience.

His job is to wrest a decline in the US paper’s fortunes and to revitalise it, to restore The Washington Post to former glories. That’s no simple task, but Lewis is not without energy and thought. He’s a good listener and will make sure he gets around the staff and hears their views and ideas.

There has been speculation that a Bezos attempt to buy The Telegraph will emerge. Lewis is downplaying this, saying they’ve enough on their plate in DC.

The two titles would make a reasonable fit, they’re quality, centrist (albeit The Telegraph leans to the right) publications and The Telegraph’s online offer is expanding. But the indications are that the union won’t be happening.

That will remove one more competitor from The Telegraph field. Of the most likely remaining contenders, the backer of GB News, Sir Paul Marshall, now in alliance with the US hedge fund king Ken Griffin, seems the favourite and could afford it. Germany’s Axel Springer is showing signs of reluctance. DMGT would raise competition issues.

There’s all still to play for, but Lewis, the ex-editor, the one with the most intimate knowledge of The Telegraph culture, is heading elsewhere.

The Good Liar

Starring: Helen Mirren, Ian McKellen

Directed by: Bill Condon

Three out of five stars

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Fire and Fury
By Michael Wolff,
Henry Holt

COMPANY PROFILE
Name: Akeed

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Sector: Online food delivery

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Richard Flanagan
Chatto & Windus 

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If you had all the money in the world, what’s the one sneaker you would buy or create?

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Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

MATCH INFO

Tottenham Hotspur 1
Kane (50')

Newcastle United 0

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South Africa v India schedule

Tests: 1st Test Jan 5-9, Cape Town; 2nd Test Jan 13-17, Centurion; 3rd Test Jan 24-28, Johannesburg

ODIs: 1st ODI Feb 1, Durban; 2nd ODI Feb 4, Centurion; 3rd ODI Feb 7, Cape Town; 4th ODI Feb 10, Johannesburg; 5th ODI Feb 13, Port Elizabeth; 6th ODI Feb 16, Centurion

T20Is: 1st T20I Feb 18, Johannesburg; 2nd T20I Feb 21, Centurion; 3rd T20I Feb 24, Cape Town

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4/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Updated: November 08, 2023, 4:16 PM