NZME board coup: Jim Grenon accuses media company of misleading investors

Under-fire NZME chair Barbara Chapman was at the media company's head office this week. (Image: NZME)

Fri, 21 Mar 2025

The billionaire pushing to topple the NZME board has revealed his concerns that the media company is boosting its share price by overpaying dividends and downplaying costs related to its property arm. Jim Grenon exclusively shared with BusinessDesk two sections of a letter he sent to NZME’s board as part of his campaign to remove its five directors including chair Barbara Chapman. NZME has refused to release the letter, which Grenon said was for distribution to shareholders. Grenon said the two pages told a story. They cont...

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