Grenon offers terms to end ‘futile’ NZME board stoush

NZME's board has released the latest letter from investor Jim Grenon. (Image: NZME)

Wed, 26 Mar 2025

The leader of a boardroom coup at New Zealand Exchange-listed publisher NZME is urging the board to accept terms quickly, claiming a clear majority of shareholders is emerging to support his initiative and that resistance is “futile”.The letter affirms much of BusinessDesk's reporting earlier, which revealed Jim Grenon will consider putting NZME chief executive Michael Boggs on the board. In a new eight-page letter, Grenon ratchets up the pressure on the board and its chair, Barbara Chapman, to announce their resi...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

Fed, tariff fears send Dow down over 900 points

Blue-chip index heads for its worst April since 1932.

The Wall Street Journal 10:30am

The Quiz Free

QuiznessDesk, Thursday, April 22

What type of animal is a sidewinder?Where in the human body would you find the Island of Reil?Where in Europe is Nicosia the capital of?Which city did the Romans call Eboracum? Originally called 40/50, what did Rolls-Royce's 1907 car later become known as?What was the surnam...

The Quizmaster 9:15am

World

Trump renews call for rate cut, slams Fed chair

The president hinted last week that he might consider firing Jerome Powell.

The Wall Street Journal 8:30am

Trump renews call for rate cut, slams Fed chair

Sponsored

Bayleys Total Property Issue 3 out now

Backed by Bayleys’ national strength and global reach

Bayleys

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

More Finance

Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025