Media Insider: NZME board battle – vocal shareholder pulls support for Jim Grenon board seat; media company’s biggest shareholder outlines its position

NZME’s future direction hinges on the vote of its largest shareholder, with one vocal shareholder withdrawing support for Jim Grenon due to a lack of necessary media skills. Australian investment fund Spheria Asset Management, holding just under 20%, has responded with its position. Australian media analyst and shareholder Roger Colman criticizes Grenon’s team for lacking relevant media and digital classifieds experience, advocating against voting for them to avoid endangering NZME’s future.

Full Article