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

Canadian billionaire James Grenon takes substantial stake in NZ Herald publisher and Newstalk ZB owner NZME
(Image: NZME)
Shayne Currie
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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