NZME showdown delay a sign the company is out of ideas, Jim Grenon says

NZME showdown delay a sign the company is out of ideas, Jim Grenon says
The NZME boardroom drama takes another turn. (Image: NZME)
Rebecca Stevenson
NZME’s move to delay a crucial shareholder meeting is a sign the company’s leadership is out of ideas, says Jim Grenon, the man who wants to overhaul the board.The media group said on Monday it would no longer hold its annual meeting on April 29 after taking legal advice over Grenon’s move.NZME said it would now hold the meeting on June 3 as the board was concerned about whether Grenon’s proposals were in the company's and shareholders' best interests. Grenon said the delay was not surprising.Give...

More Markets

The cheese deal with Fonterra that 'really kick-started' Bega
Primary Sector

The cheese deal with Fonterra that 'really kick-started' Bega

The owner of Vegemite now wants to get its hands on Fonterra’s brands.

US-China détente hopes send Mainfreight up 5%
Markets Market Close

US-China détente hopes send Mainfreight up 5%

Harbour Asset Management's Shane Solly says good signs are coming out of Geneva.

Gregor Thompson 12 May 2025
Summerset launches $100m bond offer
Property

Summerset launches $100m bond offer

Summerset Group has launched a six-year bond offer to fund the repayment of previously issued debt. The retirement village and aged care company told the market on Monday that it is raising up to $100 million, with the potential to accept an additional $50m in oversubscriptions. ...

Staff reporters 12 May 2025