Billionaire investor Jim Grenon wants cleanout of NZME board

NZME owns the NZ Herald, BusinessDesk and Newstalk ZB. (Image: File)

Thu, 06 Mar 2025

A new billionaire investor of NZ Herald publisher NZME wants a cleanout of the media company’s board.Jim Grenon, who owns 9.3% of NZME, has proposed the company appoint four new directors – including himself – and said he has the support of 37% of NZME’s shareholders.NZME told the NZX on Thursday that it had received a letter from Grenon – who previously set up the alternative news website The Centrist – through his entity JTG 4, containing a proposal to remove the current NZME board.“The draft explanat...

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