Media News

UPDATE 1-Hearst denies report that CEO search called off

(Adds Hearst company comment)

NEW YORK, Dec 12 (Reuters) - Hearst Corp described a New York Post report that the magazine publisher called off its search for a new chief executive as “inaccurate.”

The New York Post reported that interim CEO Frank Bennack Jr appears to have no intention of relinquishing the role.

Back in June, Hearst said Chief Executive Victor Ganzi would leave the privately-held publishing empire after working there for nearly 30 years because of irreconcilable differences with its board of trustees over the company’s future.

Bennack, who was CEO at the company before stepping down in 2002, reassumed his role as chief executive while a search committee looked for a successor. Hearst spokesman Paul Luthringer said nothing has changed since the announcement of Bennack’s appointment in June.

Hearst, which publishes some of the best-known magazines in the United States including Cosmopolitan, also said “there are no planned changes at the helm of Hearst Magazines.”

Hearst is the majority owner of Hearst-Argyle Television HTV.N. (Reporting by Franklin Paul in New York and Pratish Narayanan in Bangalore; Editing by Rupert Winchester and Derek Caney)