An Auckland-based Canadian billionaire previously linked to an alternative news venture has taken a substantial holding in media company NZME.

NZME owns the NZ Herald, BusinessDesk and Newstalk ZB.

E tū negotiator Michael Wood says many are concerned about a potential change in editorial direction.

"The concern here is that we clearly have an individual that is highly motivated to take control of a major media entity in New Zealand and who is doing so, quite clearly, with the intent of promulgating a particular political perspective." 

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An Auckland-based Canadian billionaire previously linked to an alternative news venture has taken a substantial holding in media company NZME.
NZME owns the NZ Herald, BusinessDesk and Newstalk ZB.
E tū negotiator Michael Wood says many are concerned about a potential change in editorial direction.
"The concern here is that we clearly have an individual that is highly motivated to take control of a major media entity in New Zealand and who is doing so, quite clearly, with the intent of promulgating a particular political perspective."&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Michael Wood: E tū negotiator on Canadian billionaire Jim Grenon's potential impact on NZME

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1fb51a5c-6bd8-4cec-a69a-b2980066b4de/transcript