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flag Canadian billionaire Jim Grenon seeks to replace NZME's board, backed by 37% of shareholders.

flag Canadian billionaire Jim Grenon, holding nearly 10% of NZME shares, is pushing to replace NZME's board, with support from 37% of shareholders. flag NZME, which owns the New Zealand Herald and Newstalk ZB, faces a vote on the board changes at its annual meeting on April 29. flag Grenon's plans have sparked concern over potential influence on the company's editorial direction. flag Additionally, San Francisco-based Osmium Partners, with a 6.5% stake, has also nominated directors.

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