"I have come to a decision that the personal cost is now too high to continue in this role" - Mark Weldon in announcing his resignation as Chief Executive of Mediaworks
The company announced he was stepping down this morning. Mr Weldon himself put a statement on the newshub website last night saying he had informed the board of his decision last night.
Last Friday Hilary Barry resigned, becoming the latest in a string of hight profile resignations and redundancies since Mark Weldon became CEO in August 2014.
Phil Wallington discusses what lead to the resignation, and where to now for TV3.