{"id":350855,"date":"2026-03-27T16:41:13","date_gmt":"2026-03-27T16:41:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/350855\/"},"modified":"2026-03-27T16:41:13","modified_gmt":"2026-03-27T16:41:13","slug":"nz-based-canadian-billionaire-jim-grenon-becomes-nzmes-largest-shareholder","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/350855\/","title":{"rendered":"NZ-based Canadian billionaire Jim Grenon becomes NZME&#8217;s largest shareholder"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/03\/4KAYJB0_NMZE_WEB_png.jpeg\" width=\"1050\" height=\"680\" alt=\"Auckland-based Canadian billionaire Jim Grenon is leading a move to dump the board of media company NZME.\"\/><\/p>\n<p class=\"photo-captioned__information\">\nJim Grenon&#8217;s stake now sits 0.1 percent below the threshold that would trigger a compulsory takeover offer.<br \/>\nPhoto: Supplied\/RNZ: Brad White\n<\/p>\n<p>New Zealand-based Canadian billionaire Jim Grenon has increased his shareholding in listed media company NZME, owner of the New Zealand Herald and Newstalk ZB.<\/p>\n<p>A notice to the NZX shows Grenon spending just under $2 million to aquire almost 1.8 percent of NZME, making him its largest shareholder.<\/p>\n<p>His total stake now stands at 19.9 percent, just below the 20 percent threshold that would trigger a compulsory takeover offer under New Zealand law.<\/p>\n<p>Seperately, NZME director and former cabinet minister Steven Joyce has almost doubled his shareholding to just over 100,000 shares.<\/p>\n<p><a href=\"https:\/\/radionz.us6.list-manage.com\/subscribe?u=211a938dcf3e634ba2427dde9&amp;id=b3d362e693\" rel=\"nofollow noopener\" target=\"_blank\">Sign up for Ng\u0101 Pitopito K\u014drero<\/a>, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"Jim Grenon&#8217;s stake now sits 0.1 percent below the threshold that would trigger a compulsory takeover offer. Photo:&hellip;\n","protected":false},"author":2,"featured_media":350856,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[48,47,111,43,139,69,49,46,44,45],"class_list":["post-350855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-audio","tag-current-affairs","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-podcasts","tag-public-radio","tag-radio-new-zealand","tag-rnz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/350855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=350855"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/350855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/350856"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=350855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=350855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=350855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}