New York Times Hearst's release doesn't say what specific differences led to
Victor Ganzi's departure, but
Richard Perez-Pena reports there's been disagreement over recent moves to deepen Hearst's investment in newspapers. In the last year, the company invested $288 million in the MediaNews Group, bought two small newspapers in Connecticut, and announced plans to build a new printing plant for the Albany Times-Union. ||
WWD: Ganzi is thought to have recently lost the board's support. ||
New York Post: "I am honestly shocked," says an exec inside the company. || Read Hearst's
story.
