Southern Cross Austereo has confirmed the resignation of its chief financial officer, Peter Lewis, after just a month in the job.
Lewis stepped into the role in June replacing the late Stephen Kelly who died in January.
Austereo waited until this morning to confirm the news of the resignation.
In a statement to the market chief executive Rhys Holleran said: “Southern Cross Media was informed yesterday that Peter Lewis has made the decision to resign from the position of chief financial officer.”
Lewis will remain in the role in order to help with transitional arrangements.
Holleran went on to say: “On behalf of the SCMG board and management, I wish Peter well in his future endeavours.”
The broadcaster issued an earnings guidance at the end of May warning that Net Profit After Tax would be down 10% on previous guidance.
The company said the revised numbers were a result of “the challenging Channel 10 television product and metropolitan radio ratings which has led to lower revenue performance, combined with a softer advertising market and increased investment in marketing and promotional activities across the metropolitan radio network”.
The Today Network has been particularly hard hit after the departure of number one breakfast show hosts Kyle Sandilands and Jackie O.
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