CAPTION: Aussie media man Michael Anderson tipped to head MediaWorks.
The Australian Financial Review reports that MediaWorks has appointed a senior media executive with extensive media experience at Austereo to take over the chief executive vacancy left by Mark Weldon.
Michael Anderson is chairman of oOh! Media and the AFR tips he will be named within days to take over the company that owns TV3 and half New Zealand’s commercial radio stations. Anderson has spent 21 years at Austereo – the past eight as CEO at the Australian FM radio group, the AFR reports.
He is on the board of directors for Fairfax, which is currently merging its media interests in New Zealand with those of NZME. Weldon stepped down in April after a year of upheavals.
He left citing personal costs of the role and many talented staff left taking institutional knowledge of the company.
Critics of Weldon – led by staff – questioned his lack of media experience and the degree that hampered the decisions as CEO, though he is credited with directing investment to technology that had been sadly lacking in the past.
Since Weldon left the CFO and acting CEO David Chalmers has restored stability. The appointment is not before time. The New Zealand media sector is currently going through huge upheavals and needs to firm up its role in the local industry, in my opinion.