MediaWorks chief executive Cam Wallace resigns

  • 27/02/2023
Cam Wallace.
Cam Wallace. Photo credit: MediaWorks

MediaWorks chief executive Cam Wallace has stepped down from his role and will leave the company in "the coming weeks".

Wallace has been the boss of the company, which owns radio brands including Today FM, The Rock, The Breeze and More FM, for two years.

He took over from previous chief executive Michael Anderson in 2020, shortly after MediaWorks sold its TV assets - including Three and Newshub - to Discovery Inc (now Warner Bros Discovery).

Wallace was previously Air New Zealand's chief commercial and customer officer, working for the national carrier from 2001 until he took the MediaWorks job.

"I will leave here an even bigger media junkie than I already was, with deep respect for the talent, creativity and passion of the people that make it happen," Wallace told MediaWorks staff in a statement on Monday.

"The media landscape is evolving and the changes we've made have set MediaWorks up to succeed for our audiences, customers and for our people. 

"We've made huge progress on transforming the culture to make this an even better place to work," he added. "And we've continued to invest for a resilient future, providing audiences and customers with greater choice."

Wallace's resignation comes after MediaWorks last month said it intended to axe up to 90 roles to try and cut costs.

"We have unfortunately had to make the difficult decision to review our operating model and reduce our workforce," a MediaWorks spokesperson told RNZ in January.

Last year, a bid from Sky TV to buy MediaWorks fell through.

And earlier in 2022, MediaWorks launched Today FM to replace its previous flagship radio station Magic Talk.

The new station finished the year flopping to a 1.3 percent market share in Auckland, based on a June-November survey.