Glen Kyne joins Duncan Greive for an emergency episode of The Fold after an NZX announcement this afternoon revealed that new NZME shareholder James Grenon is seeking to clear the board and install a new set of directors, himself included. He owns 10% of its shares, and claims the backing of 37% more – putting him very close to a majority for the motion. There's a lot we don't know, and a lot of water to flow under the bridge – but Grenon's media history is very much preoccupied with particular culture war issues. Any attempt to introduce that approach to NZME would be a media event unlike any New Zealand has seen before.
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