Contact Information: Contact: Paul J. Luthringer Hearst Corporation 212-649-2540
David J. Barrett Elected Trustee Under William Randolph Hearst's Will
| Source: Hearst Corporation
NEW YORK, NY--(Marketwire - September 12, 2007) - David J. Barrett, president and chief
executive officer of Hearst-Argyle Television, Inc. and a board member of
Hearst Corporation and Hearst-Argyle Television, has been elected as one of
the 13 lifetime testamentary trustees of the trust established under the
will of William Randolph Hearst. The announcement was made today by Victor
F. Ganzi, president and chief executive officer of Hearst Corporation, and
George R. Hearst, Jr., chairman of the board of directors of Hearst
Corporation.
Barrett succeeds Raymond J. Petersen, who passed away on July 11, 2007,
after 38 years as a trustee. Petersen joined Hearst Corporation in 1948 and
rose through the executive ranks, becoming executive vice president of
Hearst Magazines in 1973.
Hearst Corporation, one of the nation's largest diversified media
companies, is owned by The Hearst Family Trust. Among other
responsibilities, the 13 trustees elect members to the Corporation's
current 19-member board of directors.
With Barrett's election, the trustees of The Hearst Family Trust are
Barrett; Anissa B. Balson; Frank A. Bennack, Jr.; John G. Conomikes;
Richard E. Deems; Victor F. Ganzi; George R. Hearst, Jr.; John R. Hearst,
Jr.; William R. Hearst III; Harvey L. Lipton; Gilbert C. Maurer; Mark F.
Miller and Virginia Hearst Randt.
Barrett has been president and chief executive officer of Hearst-Argyle
since 2001. He was elected a member of Hearst Corporation's Board of
Directors in 1996.
Prior to the August 1997 merger of Hearst Broadcasting and Argyle
Television, Barrett was a vice president of Hearst Corporation and deputy
general manager of Broadcasting, with operating oversight for the company's
television and radio stations, as well as its Boston-based production
company. Barrett joined Hearst in 1984 as general manager of its Baltimore
radio stations, and subsequently became general manager of WBAL-TV before
relocating to New York in his corporate position in 1991.
Barrett serves on the boards of directors of the National Association of
Broadcasters (NAB), Maximum Service Television, Inc. (MSTV), the
Broadcasters Foundation, the Emma L. Bowen Foundation, the Center for
Communication, Inc., and the Foundation of American Women in Radio and
Television (AWRT). He is a past chair and director of the ABC Television
Affiliates Association.
Hearst Corporation's (www.hearst.com) major interests include 12 daily and
31 weekly newspapers, including the Houston Chronicle, San Francisco
Chronicle, and Albany Times Union; nearly 200 magazines around the world,
including Cosmopolitan and O, The Oprah Magazine; 29 television stations
through Hearst-Argyle Television (NYSE: HTV) which reach a combined 18% of
U.S. viewers; ownership in leading cable networks, including Lifetime, A&E,
The History Channel and ESPN; as well as business publishing, including a
joint venture interest in Fitch Ratings; Internet businesses, television
production, newspaper features distribution and real estate.