Californian NZME shareholder: 'We like the stock'

Fri, 12 Feb 2021

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...

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