Frank Bennack, the executive vice chairman and former CEO of Hearst Corp., is channeling his decades of experience into a memoir to be published this fall by Simon & Schuster. The CBS-owned pub…
Bennack held his first job at 8 years old, according to the book announcement, hosting his own TV show at 17 and bringing “the energy of an entrepreneurial mindset to a venerable publishing firm.” During a 28-year stint leading Hearst as CEO, he diversified the company into healthcare information and financial ratings, among other areasAs cable TV was booming, in 1990, he negotiated a 20% stake in ESPN for $167 million. Today, the Disney-owned network is valued at around $30 billion.
Simon & Schuster Senior Editor Sean Manning saluted Bennack’s many innovations but also said the book affords the executive a chance to take “a rare and welcome glance backward, sharing the inspiring wisdom he’s gained over the course of his storied career.” Bennack is chairman of the company’s Executive Committee, a director of Hearst and a trustee of The Hearst Family Trust established under the will of William Randolph Hearst. He also sits on a number of corporate committees and the Hearst Foundations Boards, where he has served for more than 25 years. Bennack is currently a director of Ralph Lauren Corp. and chairman of Hearst Magazines UK, a wholly owned subsidiary of Hearst.
He is also a governor and chairman of NewYork-Presbyterian Hospital and its Healthcare System, a managing director of the Metropolitan Opera of New York, chairman emeritus of Lincoln Center for the Performing Arts and chairman of The Paley Center for Media.and keep your inbox happy.
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