NZ-based Canadian billionaire takes substantial stake in Herald publisher NZME

The Herald gets a new tone, and a wealthy alt-media investor

Days before its new major investor, Canadian conservative financier Jim Grenon, arrived on its share register, NZ Herald owner NZME sent out a message to the business world that its journalism would now push positivism and economic success.Its mission of “setting a new tone for New Zealand” was highlighted up-front in its financial results presentation even before the (not particularly positive or successful) business results themselves.Telling …

NZ-based Canadian billionaire takes substantial stake in Herald publisher NZME

An Auckland-based Canadian billionaire previously linked to an alternative news venture has taken a substantial shareholding in NZME, the owner of the NZ...

Canadian billionaire takes major stake in legacy media company NZME - Daily Telegraph NZ

Auckland-based Canadian billionaire James Grenon has acquired a 9.3% stake in NZME, the owner of legacy media outlets the New Zealand Herald, Newstalk ZB and BusinessDesk, fuelling speculation about potential shifts in editorial direction. Grenon, the founder of Tom Capital Management, was previously linked to alternative news ventures The Centrist and NZNE (New Zealand News Essentials). While Grenon insists his NZME investment is purely financi…

Canadian billionaire linked to right wing websites buys a near 10% of NZME shares

James "Jim" Grenon spends almost $10 million to buy a ~10% stake in the publisher of NZ Herald and owner of Newstalk ZB.