Billionaire Jim Grenon pushes for NZME board changes

NZME chair Barbara Chapman has stated that the board needs to engage in discussions about billionaire Jim Grenon's proposal to remove directors. She emphasized the importance of editorial independence for the company's future. Grenon has met with the NZME board and argues that shareholders should make their own decisions regarding the board's performance. He criticized the current leadership, suggesting that minor changes are insufficient. Chapman defended NZME's performance, asserting that the company is well-positioned despite market challenges. Grenon, however, insists that significant changes are necessary rather than small adjustments.