Billionaire seeks to replace NZME board after buying 9% stake

Thursday 6 March 2025 · 4 outlets · 4 reports · updated Thu 6 Mar 2025, 6:09pm

In this story NZME, Newstalk ZB, NZX, Jim Grenon

Canadian billionaire Jim Grenon has proposed removing all current directors at NZME. Grenon, who holds a 9.3% stake, intends to appoint four new directors, including himself. The union representing NZME journalists has expressed deep concern regarding the proposed board overhaul.

How they headlined it

3h

2:21pm6:09pm

1. StuffThu 6 Mar 2025, 2:21pm

   Billionaire moves to clear NZME board, add himself, days after buying 9% stake (opens in new tab)

   Also on The Post (opens in new tab)

2. 1NewsThu 6 Mar 2025, 2:38pm

   Billionaire investor proposes overhaul of NZME's board (opens in new tab)

3. RNZThu 6 Mar 2025, 2:48pm

   Canadian billionaire makes move to take over board of NZME (opens in new tab)

   • Union wary of Canadian billionaire Jim Grenon's NZ media influence (opens in new tab) Thu 6 Mar 2025, 6:09pm