NZME backs Steven Joyce to rebuff Jim Grenon chair bid

Steven Joyce made his personal fortune in private radio broadcasting before entering politics. (Image: NZME)

Tue, 06 May 2025

News publisher NZME has finally announced its plan either to see off or dilute the impact of a board takeover sought by its 9.97% shareholder, Jim Grenon.The proposal outlined in a statement to the NZX makes the resignation from the board of the current chair, Barbara Chapman, contingent on the election of John Key-era Cabinet minister Steven Joyce to the board.Investors seemed to like the announcement, with the NZME share price lifting 4.7% in morning trading on the NZX on May 6 to $1.11.The share price has been buoyed since August last year,...

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