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Canadian billionaire James Grenon buys 10% of NZME, raising concerns over media influence.
Canadian billionaire James Grenon has acquired a nearly 10% stake in New Zealand Herald publisher NZME, leading to a temporary stock jump.
Grenon, known for his association with right-wing websites and involvement in political promotions, has not declared plans for a takeover, but his investment raises concerns about media influence.
NZME recently reported a net loss and plans to cut about 30 editorial roles.
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El multimillonario canadiense James Grenon compra el 10% de NZME, lo que suscita preocupación por la influencia de los medios de comunicación.