Takeovers Panel NZME process a ‘disservice' to NZ, Grenon says
The Takeovers Panel's enquiry into whether certain acquisitions of NZME shares by Jim Grenon were in compliance with the Takeovers Code was 'completely unnecessary and a disservice to New Zealand,' the newly appointed NZME director says.
Grenon's appointment to the board of the listed media
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NZME's AGM has long been circled on Private Bin's calendar. Apart from the elite shithousery of Stuff and Trade Me announcing a deal on the morning of a rival's meeting, the main event was all a bit, well, boring. Canadian agitator and 13% shareholder Jim Grenon last month struck a deal which Want to read more? It's easy. Choose your best value subscription option Student Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499). View terms and conditions. Individual Group membership NBR Marketplace Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385 +GST / monthly $38.5 per user - Pay by monthly credit card debit Premium Group Membership 20 Users NZ$660 +GST / monthly $33 per user - Pay by monthly credit card debit Premium Group Membership 50 Users NZ$1375 +GST / monthly $27.5 per user - Pay by monthly credit card debit Premium Group Membership 100 Users NZ$2100 +GST / monthly $21 per user - Pay by monthly credit card debit Yearly Premium Online Subscription + NBR Marketplace NZ$999.00 / yearly Already have an account? Login
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Viridian Seeks Clearance To Acquire Metro Performance Glass
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Free Speech Union Welcomes NZME Board Refresh, A Hopeful Sign For Media Balance
Press Release – Free Speech Union This change promises a return to more factual reporting if the Board can restore the traditional journalistic ethics of the fourth estate. The announcement of NZME's board refresh signals hope for a return to more balanced reporting of news, which is an essential component of a healthy democracy. The Free Speech Union was pleased to play an advocacy role in this, says Nick Hanne of the Free Speech Union. 'Last year, the Free Speech Union urged supporters concerned about free and open discourse to get enough NZME shares to gain voting rights. FSU CEO Jonathan Ayling encouraged experienced people to put themselves forward for NZME board positions. 'The Free Speech Union has repeatedly called on NZME to stop censoring those views which appear to be offensive to certain staff and their stifling need to be 'politically correct'. The FSU also arranged meetings with the Managing Director and the Senior Editor, urging a restoration of the fundamental balance needed for the NZ Herald to stay a newspaper of record. 'We reminded them of how the Commerce Commission turned down their merger with Stuff, because the loss of media pluralism would be so damaging to democracy. We welcome the appointments of Steven Joyce and Jim Grenon on the NZME board and believe they'll play a crucial role in fixing this. 'Mr Grenon has weathered a lot of unjust criticism in pursuing this 'audacious' outcome. But his principled determination to defend broad viewpoint representation will help reestablish the centrality of free speech in our democracy. 'The media plays a crucial role in Kiwis' ability to seek, receive, and impart information, so it's essential that they platform multiple viewpoints on issues of public interest. This change promises a return to more factual reporting if the Board can restore the traditional journalistic ethics of the fourth estate. 'Kiwis deserve news which offers coverage rather than censorship.'
