Frank is an executive vice chairman of Hearst Corporation, one of the nation’s largest private companies engaged in a broad range of publishing, broadcasting, cable networking and diversified communications activities. He is also chairman of the Corporation’s Executive Committee, a director of Hearst Corporation and a trustee of The Hearst Family Trust established under the will of William Randolph Hearst. In addition, he sits on a number of corporate committees and the Hearst Foundation Boards where he has served for more than 25 years.
Bennack served as Hearst’s CEO for more than 28 years. He directed the company through an unprecedented period of growth from when he began his first tenure as CEO in 1979 through June 2013 when he stepped down—increasing revenues 12 times and growing earnings more than 30 times what they had been, through investments, acquisitions and startups. Today, Hearst is comprised of some 200 businesses and 20,000 employees.
Under his leadership, the company launched three leading cable networks with ABC, A&E, HISTORY and Lifetime, and invested in the ESPN family of networks, now in 190 countries and territories. On Bennack’s watch, Hearst has marched toward diversification and global expansion, including its nearly $1 billion acquisition in 2011 of Lagardère’s 100 international titles outside of France, its purchase of healthcare information leader Milliman Care Guidelines LLC, its acquisition of a 50 percent interest in global ratings agency Fitch Group and its establishment of a joint venture with television producer Mark Burnett. Bennack was also instrumental in the decision to create what today is Hearst Television Inc., one of the nation’s largest non-network owned television station groups, which operates 29 television stations. During his tenure, Hearst has launched such magazines as Country Living, Food Network Magazine, HGTV Magazine, Marie Claire and O, The Oprah Magazine.
Prior to his first tenure as chief executive, Bennack served as executive vice president and chief operating officer of the Corporation and, prior to that, as vice president and general manager of the Hearst Newspaper Group. He also served in a variety of management posts, including a seven-year tenure (1967 to 1974) as publisher and editor of the San Antonio Light.
Bennack is a director of Polo Ralph Lauren Corporation. He is chairman of Hearst Magazines UK, a wholly owned subsidiary of Hearst Corporation. Bennack is also a governor and vice chairman of NewYork-Presbyterian Hospital and its Healthcare System, a managing director of the Metropolitan Opera of New York, chairman emeritis of Lincoln Center for the Performing Arts, and chairman of The Paley Center for Media (formerly The Museum of Television & Radio). He was the 1992-93 chairman of the Newspaper Association of America (formerly the American Newspaper Publishers Association).
As a teenager, the San Antonio native was host of both television and radio programs. He eventually entered publishing in his hometown, and rose from classified advertising salesman to newspaper publisher by the age of 34.
Bennack has received honors for his charitable work from such organizations as the American Heart Association, United Cerebral Palsy and the Inner City Scholarship Fund of New York. His industry awards include the Gold Medal from the International Radio & Television Society in 1991, the Trustees’ Award (Emmy) from the National Academy of Television Arts and Sciences in 1993, the 1997 Center for Communication Award, the Distinguished Public Service Award from the Advertising Council in 1999, and the 1999 Distinguished Service Award from the National Association of Broadcasters. In 2007, he was elected into the American Academy of Arts and Sciences.