MediaWorks New Zealand appoints a new head

Mark Weldon has been appointed as CEO of the group, replacing Susan Turner who we reported resigned back in early July.

MediaWorks owns a number of assets in New Zealand including TV3, TV Four and runs half of the country's commercial radio market. The company recently came back from the brink of receivership.

Mark doesn’t come from a media background but would have been front and centre as the boss of the New Zealand stock exchange.

"Candidates of Mark's calibre are rare on the ground and to be able to secure Mark for the role is a huge coup for MediaWorks," chairman and Australian Rod McGeoch said in a statement on the MediaWorks TV3 website

He starts with MediaWorks on August 11.