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Canadian billionaire Jim Grenon seeks to replace NZME's board, backed by 37% of shareholders.
Canadian billionaire Jim Grenon, holding nearly 10% of NZME shares, is pushing to replace NZME's board, with support from 37% of shareholders.
NZME, which owns the New Zealand Herald and Newstalk ZB, faces a vote on the board changes at its annual meeting on April 29.
Grenon's plans have sparked concern over potential influence on the company's editorial direction.
Additionally, San Francisco-based Osmium Partners, with a 6.5% stake, has also nominated directors.
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El multimillonario canadiense Jim Grenon busca reemplazar al consejo de administración de NZME, respaldado por el 37% de los accionistas.