MediaWorks parts with more executives

Mediaworks CEO Mark Weldon. Photo / Peter Meecham

MediaWorks is parting ways with two more senior executives as chief executive Mark Weldon gets ready for big changes next year.

The company - which owns TV3 and Four and reaches half the commercial radio audience - said yesterday that chief financial officer Peter Crossan and company secretary and lawyer Claire Bradley were leaving.

Both have been with the company since before it was controlled by Ironbridge Capital.

Last week Weldon revealed two other key staff would be leaving - Paul Maher who was chief executive of the television division and Siobhan McKenna who has been the head of interactive.

Weldon, who took over at MediaWorks in August, replacing former chief executive Sussan Turner, has revealed plans to integrate the TV, radio and interactive arms.

His appointment is believed to have been initiated by the company's banker owners - former creditors who took debt for equity.

They took over the company in November last year when it emerged from five months in receivership.

Weldon is understood to be looking for new executives.

MediaWorks spokeswoman Rachel Lorimer said the departure of senior executives did not represent a loss of institutional knowledge because there had been other promotions of senior staff.

The head of news and current affairs for television Mark Jennings was last week promoted to perform that role across the group.

MediaWorks executive Andrew Szusterman was made group director of entertainment and brand.

Changes are understood to be part of a push by the board towards a sale in the new year.