Hearst CEO resigns over policy differences

Image: Victor F. Ganzi
Victor Ganzi spent six of his 18 years at Hearst Corp. as CEO.Peter Kramer / Getty Images
/ Source: The Associated Press

Hearst Corp. says Victor Ganzi has resigned as CEO over policy differences with the board of the privately held media company.

Hearst, which owns newspapers, magazines and TV stations across America, said in a statement Wednesday that Frank Bennack Jr. would reassume the CEO role on an interim basis.

Ganzi had been with Hearst for 18 years, the last six as CEO. Bennack most recently had been vice chairman of the board.

Hearst's properties include the Houston Chronicle, Cosmopolitan magazine and 29 television stations.