Alex Wallace named Washington Post COO

The Washington Post named veteran media executive Alex Wallace its chief operating officer, bringing in a former NBC News and Yahoo leader to help steer the newspaper’s business operations as it pushes toward profitability following years of financial losses and sweeping layoffs, reports TheWrap.

Wallace, who begins Monday, Oct. 19, will report directly to CEO and publisher Jeff D’Onofrio. According to TheWrap, “she will help execute the Post’s business strategy, coordinate operations across departments and track performance against company goals.

“The appointment comes a month after D’Onofrio was named permanent CEO and publisher, as the Jeff Bezos-owned newspaper attempts to rebuild its business following deep newsroom cuts and years of financial losses.”

“Alex’s career is a testament to moving one step ahead in the rapid pace of our changing news ecosystem,” D’Onofrio said in a statement. “Her keen business acumen and digital media fluency will help The Post lead more decisively in our next chapter.”

TheWrap states that “Wallace is already familiar with the company. Since launching Wallace Advisory in June 2022, she has counseled media businesses on strategy and growth, with clients including RedBird IMI and The Washington Post.

“In an internal memo to staff, D’Onofrio framed the appointment as part of the newspaper’s effort to improve its financial performance without sacrificing editorial independence.”