Herald purchase didn’t stack up for Sir Owen Glenn

Fri, 25 Jan 2013

By Pam Graham Jan 25 (BusinessDesk) –Multi-millionaire philanthropist Sir Owen Glenn was given the opportunity to bid for The New Zealand Herald last year but decided not to proceed. “I was approached at the beginning of last year and I did look at it as an investment but the numbers didn’t stack up,” Glenn told BusinessDesk. The former owner of OTS Logistics, who grew up in New Zealand, has funded a business school at Auckland University and a foundation with a goal of reducing child poverty, and gave $1 million to an appeal for Christchurc...

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