Los Angeles, California (CNN) -- Steve McPherson quit his job as ABC Entertainment president this week amid "gossip and innuendo" that "goes with the territory,"

McPherson held the post for six years and had another year on his contract."Upon Steve McPherson returning to work from his vacation on Monday, he made a voluntary decision to resign and ABC accepted his resignation,"

McPherson said he has "a new entrepreneurial venture in the spirits business" lined up as well as "involvement in a new media company."

also ABC COMPANY  said that they will soon announce replacement for McPherson