Face of the Day

mark-weldon

The Mediaworks board have unanimously backed Mark Weldon’s management of Mediaworks.

MediaWorks chief executive Mark Weldon has once again been given the full backing of the media company’s board.

It had been speculated that Mr Weldon’s position could be in jeopardy when the MediaWorks board met today. The speculation was, in part, prompted by the shock resignation of star newsreader Hilary Barry at the end of last week.

After today’s board meeting MediaWorks’ chair Rod McGeoch dismissed the conjecture.

He said there was not a mainstream media company in the world that had not faced major restructuring involving a focus on reducing costs, part of which involved reviewing the profitability of all shows and segments

“MediaWorks is no different. We have to change and we are changing. We have a clear strategy for this, led by our CEO.”

Mr McGeoch said the board fully supported the MediaWorks strategy and had “full support for the CEO executing that strategy”.

Reading between the lines, the board actually wants to get rid of the expensive prima donnas and restructure with fresh new talent.  The steady stream of high profile and key staff exits from the company is therefore likely to continue.

 

– Newshub


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