Weldon resigns

Newshub reports:

Today the MediaWorks Board has announced that Mark Weldon has resigned from his position as CEO.

The Board has accepted Mark’s resignation and respects his decision.  

Mark Weldon commented: “I wish to share the news that, last night, I notified the MediaWorks Board of my resignation from my role as CEO.

This is not a huge surprise. There was such obvious internal discontent that it seemed obvious either Weldon would go, or more staff would leave.

Mediaworks staff may find a different CEO won’t result in better outcomes for them. Television and media companies face a very challenging environment and declining revenue.