Canadian billionaire James Grenon takes substantial stake in NZ Herald publisher and Newstalk ZB owner NZME

(Image: NZME)

Mon, 03 Mar 2025

An Auckland-based Canadian billionaire previously linked to an alternative news venture has taken a substantial share holding in NZME, the owner of the NZ Herald, Newstalk ZB and BusinessDesk.In a release to the New Zealand Exchange (NZX) on Monday, Canadian private equity tycoon James Grenon has been listed as a substantial holder of NZME, with a total shareholding of 9.3%.“These shares are being purchased for investment purposes,” according to the NZX notice. “There is no current intention to make a takeover bid.”'...

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