Canadian billionaire linked to right wing websites buys a near 10% of NZME shares
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- Date published:
1:45 pm, March 3rd, 2025 - 14 comments
Categories: Dirty Politics, Media, media abuse, news, newspapers, uncategorized -
Tags: Centrist NZ, disinformation, James Grenon, Misinformation, NZME, overseas investment act
James “Jim“ Grenon, a Canadian private equity investor based in Auckland, dropped ~$10 million on Friday to acquire 9.321% of NZME.
Grenon owns one of the most expensive properties in New Zealand.
He has based himself here with his partner since 2012.
Grenon made headlines on numerous tax, law and finance websites around the world when he moved $68.2m to New Zealand while involved in court action with Canada’s tax agency.
It’s all very significant.
According to the Herald:
Grenon practised briefly as a lawyer before pursuing corporate and finance interests.
“The documents also revealed he gained significant wealth from the early stages of the oil and gas industry and had a penchant for in-depth study of tax law and, it would appear, for litigation.”
And
“There is no current intention to make a takeover bid.”
In 2023, Business Desk reported Grenon was a paid election promoter in New Zealand, linked to the NZ News Essentials website, which was a “site dedicated to attacking the then [Labour/Green Party] Government. and appeared to host anti-vaccine and Atlas Network affiliated articles.
That appears to be now rebranded as Centrist NZ, which appears to include interesting headlines mocking anti-Treaty Principles Bill witnesses, may exacerbate transgender concerns, and suggests New Zealand media may promote ‘state propaganda.’
Alternative website called Centrist NZ
Centrist NZ uses headlines which includes words such as “woke narratives” and suggests NZ media has been bought
Rupert Murdoch’s The Australian reported recently that “some wealthy Kiwis” – including an unnamed Canadian billionaire – were planning a bigger stake and even looking at privatisation of NZME, which also owns property portal OneRoof.
The Australian speculated new owners could help shape the editorial direction of the Herald.
It suggested that Nick Mowbray – the co-founder of the toy business Zuru – was a potential candidate, along with the unnamed Canadian billionaire.
And although Mowbray denied it, he praised NZ Herald as “the most fair of [the] NZ media mix.”
Billionaires running the country and pushing their ideologies?
Did you think that was only in the United States?
Interestingly, when I personally look at the policies of our current NZ First – ACT – National Coalition, I see their preferences come to the fore.
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NZ’s Coalition Government flings doors WIDE open for rich foreigners
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Reposted from Mountain Tui substack.
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- NZ must act on Israel’s slaughter of children
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- Reining in water price increases for Aucklanders
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- New independent review function for civil aviation decisions
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- Enhanced urgent care service for Napier
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- Construction begins on new adult mental health building in Christchurch
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- It’s official: Kiwis can look forward to better days
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- Sealing improves safety on Forgotten World Highway
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- NZ – US relations on strong footing
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- International Anti-Money Laundering rule changes support government reforms
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- New electronic system to support pharmacy efficiency
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- RIF delivering for regional NZ, more to come
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- Comments following bilateral with US Secretary of State Rubio
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- New State Highway 2 roundabout to improve road safety in Eastern Bay of Plenty
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- Ocean Race returning to Auckland
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- New associate psychology role to grow the mental health workforce
Improving access to mental health and addiction support took a significant step forward today with Mental Health Minister Matt Doocey announcing that the University of Canterbury have been the first to be selected to develop the Government’s new associate psychologist training programme. “I am thrilled that the University of Canterbury ...3 weeks ago
- First stage of Manukau Health Park expansion open to patients
Health Minister Simeon Brown has today officially opened the new East Building expansion at Manukau Health Park. “This is a significant milestone and the first stage of the Grow Manukau programme, which will double the footprint of the Manukau Health Park to around 30,000m2 once complete,” Mr Brown says. “Home ...3 weeks ago
- Proceeds of crime to fund safety measures in central Auckland
The Government will boost anti-crime measures across central Auckland with $1.3 million of funding as a result of the Proceeds of Crime Fund, Auckland Minister Simeon Brown and Associate Justice Minister Nicole McKee say. “In recent years there has been increased antisocial and criminal behaviour in our CBD. The Government ...3 weeks ago
- Consultation on options to strengthen food waste for pigs regulations
The Government is moving to strengthen rules for feeding food waste to pigs to protect New Zealand from exotic animal diseases like foot and mouth disease (FMD), says Biosecurity Minister Andrew Hoggard. ‘Feeding untreated meat waste, often known as "swill", to pigs could introduce serious animal diseases like FMD and ...3 weeks ago
- PMs Luxon & Modi deepen NZ-India ties
Prime Minister Christopher Luxon and Indian Prime Minister Narendra Modi held productive talks in New Delhi today. Fresh off announcing that New Zealand and India would commence negotiations towards a Comprehensive Free Trade Agreement, the two Prime Ministers released a joint statement detailing plans for further cooperation between the two countries across ...3 weeks ago
- The Coalition has announced an even more radical plan to cut international students than Labor. Here...
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- Fiji solidarity group condemns Rabuka plans for embassy in Jerusalem
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- Trump funding cuts on media impacts on independent Asia Pacific outlet
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- Petition supporting change to volunteer firefighters ACC eligibility reaches 30,000
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- An Ode to .. King Lux
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Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra In the government’s latest initiative on energy prices, Anthony Albanese on Sunday will promise that if re-elected, Labor will reduce the cost of installing a typical home battery by 30% from July 1. This would ...22 hours ago
- 100 children killed or wounded every day since Gaza ceasefire broken
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- Election Diary: Albanese promises 30% discount on solar batteries, in latest energy bill help
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- Government to allow bigger granny flats to be built without consents
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- With US bombers at the ready, can Trump cut a deal with Iran and avoid a war?
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- With Hasbara failing, Israel placed Hossam Shabat on a kill list
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IMO that probably now explains the announced editorial shift.
Current management showing they're onboard etc. Will it still save them, time will tell.
Bargains to be had in the land of the wrong white clowns as they are in charge.
Big toy's war on Journalism….
.
Big Tech’s War on Journalism
It’s official. Jeff Bezos is at war for the oligarchy.
As you might know, the billionaire proprietor of Amazon sent an email Wednesday to the staff of the Washington Post, which he also owns, announcing “a change coming to our opinion pages.” Moving forward, he declared, “We are going to be writing every day in support and defense of two pillars: personal liberties and free markets.” And, he added, “viewpoints opposing these pillars will be left to be published by others.”
https://link.motherjones.com/public/38817894
CoC philosophy: he who have plenty of money and want to make plenty more off the backs of New Zealanders is always welcome here.
Tax minimisation – done!
Cheap power – done!
Planning consents: already taken care of.
Clean up after we f… off in a couple of years: don't worry about it!
We might see more ‘strategic advertising’ by the NZME stables.
https://www.rnz.co.nz/news/political/525042/nzme-to-review-advertising-policies-after-hobson-s-pledge-ad
I’m glad that Newsroom did not stay silent on the takeover of NZ media by vested interests.
https://newsroom.co.nz/2025/03/03/the-herald-gets-a-new-tone-and-a-wealthy-alt-media-investor/
An American led crusade against DEI and more worldwide, they no longer come as leader of the free world (democracy and capitalism resisting one party rule communism), or as provider of aid, but to impose their cultural order regime.
Before the 20th C the rule of men was a given (and there was no income tax or CGT/estate tax) …
https://devpolicy.org/the-roll-back-on-rights-is-gaining-momentum-20240718/
Good on Newsroom as NZME tells NZ what's been unofficial for decades. Tis the way these days to be open about your bias taking a leaf from the techbros MO.
So there you go NZ, granny is an extension of nact/NZF PR and will never ever be holding power to account unless these guys aren’t in.
How cheap was that on a global scale to be further influencing NZ’s MSM.
Mountain Tui. Yet another lifting of a rock, great article. re Nick Mowbray. I had read about him previously (another of your Links : )
His wiki page says Entrepeneur…
Quite a few meanings for that word. But anyway….I wonder at what stage he became this person? (re childrens school lunches from your link)
lol….so many Oliver Twists. We should hang our heads in shame. : )
Thanks for all you do.
Indeed, an ‘entrepreneur’ used to have positive connotations but now it often means ‘neoliberal stormtrooper’ with a definite negative vibe.
Yep. Also IMO, Developer in that vein.
Still waiting for my latest Kiwisaver statement, so can't check currently, but like many other Kiwis who are saving for retirement, I am with a fund investing mainly in the share market. So there os a very good chance that I, at indirectly, am a part owner pf NZME..
Maybe collectively we could, I dunno, maybe organize a mass sell off or boycott or something?
Oh. wait, the Govt sets, and can change the rules for Kiwisaver….Old Nat Bill English cut it twice….and Labour never reversed the cuts….
I feel as I did when I realised that my Kiwisaver fund also invests some of my money into the S&P 500. Check the list of those companies. Coca Cola? Won't drink. Unethical and bad for personal health and the environment.
Look at virtuous me using consumer power against them! You other suckers, keep downing the stuff. I need the profits to keep flowing for my old age.
So… It would be ok if he was considered left wing
!o0!
A leftwing billionaire is an oxymoron.
Discuss
Victor Billot's take on the whole sordid affair.