Californian NZME shareholder: 'We like the stock'

Californian NZME shareholder: 'We like the stock'
Dan Brunskill
NZME’s new Californian investor may be a welcome change for management who are accustomed to investors extracting what little value is left in an industry some claim is in terminal decline.US-based Osmium Partners’ chief investment officer, John Lewis, doesn’t see things that way. He is hoping to profit from the media company’s digital future and has acquired a 16 percent stake.“There has been a general market perception over the last 10-to-15 years that this is a dying industry, and we think that is just not the c...

More Markets

NZX lifts 0.2% as markets wait for US Fed decision
Markets Market Close

NZX lifts 0.2% as markets wait for US Fed decision

The S&P/NZX 50 gained 0.2% to 13,234.89 points on Tuesday.

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...