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# Face of the Day
- URL: https://goodoil.news/face-of-the-day-1441/
- Published: 2026-03-27T17:30:57.000Z
- Updated: 2026-03-27T17:30:56.000Z
- Description: A notice posted to the NZX announced Grenon had acquired 1,780,123 shares for $1.984m – meaning he now has more than 19.90 per cent of the company.
- Author: Good Oil Staff
- Tags: Media, Face of the Day

> Jim Grenon – the [billionaire director](https://www.stuff.co.nz/business/360601099/who-james-grenon-billionaire-who-spent-9m-stake-nzme?ref=goodoil.news) of publicly listed media company NZME, the owner of the New Zealand Herald and Newstalk ZB – has become the company’s biggest shareholder.  
>  
> Grenon, a Canadian-born billionaire, made headlines in March 2025 after he increased his shareholding to 9.3 per cent.  
>  
> He then acquired more shares in September – holding just under 18.5 per cent.  
>  
> On Friday, a notice posted to the NZX announced Grenon had acquired 1,780,123 shares for $1.984m – meaning he now has more than 19.90 per cent of the company.  
>  
> Stuff

[Read More](https://www.stuff.co.nz/nz-news/360957045/billionaire-jim-grenon-becomes-nzmes-biggest-shareholder?ref=goodoil.news)