Analysis: What we know about NZME’s new shareholder

NZME has a new substantial shareholder, expatriate Canadian billionaire and NZ resident Jim Grenon, who has purchased a 9.3% stake. (Image: NZME)

Pattrick Smellie

Thu, 06 Mar 2025

The likely arrival of a new substantial shareholder on the register at NZME, publisher of the New Zealand Herald, BusinessDesk, OneRoof and a stable of commercial radio stations, including Newstalk ZB, was first floated in the Australian media. A few weeks back, The Australian reported that a group of wealthy people in NZ were taking an interest. While unsourced to any individual, the concerns were reportedly two-fold: that the company was not performing as well as it might, and that part of the cause for that was the mix of content o...

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