Weldon resigns
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.