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MediaWorks has confirmed that chief executive Cam Wallace is stepping down.
There has been speculation that Wallace has aspired to an advisory role in politics, but MediaWorks acting head of communications Yvonne Van Sprang said she had no information to share on his next role.
MediaWorks announced in January that it would cut up to 90 roles within the business, of which about 50 are actual jobs and the remainder unfilled vacancies, in a bid to cut costs ahead of an expected recession this year.
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The details of the proposed restructure were criticised by one staffer who said MediaWorks was proposing to cut the profitable parts of its business while largely sparing its weaker performing news and talkback radio channel Today FM.
The staffer believed Wallace’ interest in politics had influenced the company’s approach to cutbacks, but his claims were not accepted by the company whose then head of communications, Anna Cross, said it was important for a network radio business to have an effective competitor in the “talk” segment.
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