The dispute between the publisher of the NZ Herald and billionaire Jim Grenon – who wants to turf the board – is threatening to engulf Australian investors.
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It was as sudden as it was aggressive, and it rocked New Zealand’s tight-knit media industry. James “Jim” Grenon, a billionaire Canadian, spent nearly $20 million buying up almost 10 per cent of New Zealand Media & Entertainment, the country’s largest listed media company.
Within days, he was demanding its entire board be removed.
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Original URL: https://www.afr.com/companies/media-and-marketing/inside-the-attempted-coup-gripping-new-zealand-s-media-20250408-p5lq1p
