The board of directors of MediaWorks have extended their full support to Chief Executive Officer, Mark Weldon following a troubled week in the organisation including the exit of Hilary Barry from TV3 this week.

Newshub's owners Mediaworks has apologised to the Reserve Bank of New Zealand after it admitted that one its staff told his colleagues about the bank's decision to lower interest rates about an hour before the official announcement.

Brent Impey has announced to leave the post of Chief Executive of MediaWorks by the end of this year after serving the firm for about ten years. He would, however, continue to guide the business as a part-time consultant until early 2011.
Hailing the team he has nurtured, Impey added, "I am pleased that I have been able to develop a very strong management team and I step down from the CEO role knowing that I will be leaving the company in good hands."