'Amateurs': NZME shareholder turns on board coup plotter Jim Grenon

The battle for NZME's board rolls on. (Image: NZME)

Tue, 08 Apr 2025

A vocal NZME shareholder has withdrawn his support for any director nominees put forward by businessman Jim Grenon. Shareholder Roger Colman said on Tuesday voting for “the Grenon team” was dangerous for NZME’s future, citing lack of media and listed company experience. Private equity founder Grenon has been waging a campaign to roll the media firm’s board and join it as chairman, along with three other proposed directors. On March 31, the NZME board pushed back its scheduled annual general meeting to June...

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 Market Close

'So much volatility': NZ sharemarket up nearly 1%

The S&P/NZX 50 Index closed at 11,891.44, up 115.56 points or 0.98%.

Graham Skellern 6:10pm

Markets

Asian markets perk up as US futures turn positive

Could this be a ‘dead cat bounce’?

Rebecca Howard 1:15pm

Asian markets perk up as US futures turn positive

Economy

Corporate tax relief still on Budget agenda

Targeted relief rather than a company tax rate cut looks more likely.

Pattrick Smellie 1:00pm

Corporate tax relief still on Budget agenda

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

Sponsored

New life in property market

Tax rule changes are bringing back mum-and-dad investors.

Fletcher Living

More Markets

Markets Market Close

'So much volatility': NZ sharemarket up nearly 1%

The S&P/NZX 50 Index closed at 11,891.44, up 115.56 points or 0.98%.

Graham Skellern 6:10pm

Markets

Asian markets perk up as US futures turn positive

Could this be a ‘dead cat bounce’?

Rebecca Howard 1:15pm

Property

Summerset's first quarter sales up 14%

Summerset chief executive Scott Scoullar says the retirement village and aged care operator had a strong February and March. In a quarterly trading update to the NZX on Tuesday, Summerset Group reported 290 sales for the quarter ending March 31, with 132 new sales and 158 resales...

Staff reporters 10:15am

Markets

NZX dips slightly following market turmoil overnight

Hong Kong’s Hang Seng Index dropped 13.22%.

Gregor Thompson 9:20am

'Amateurs': NZME shareholder turns on board coup plotter Jim Grenon

More Markets

Your company has a subscription

Team