this post was submitted on 06 Mar 2025

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Who is James Grenon? The billionaire who spent $9m on a stake in NZME (www.stuff.co.nz)

submitted 1 week ago by BalpeenHammer@lemmy.nz to c/politics@lemmy.nz

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I guess he is our Murdoch now.

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[–] passwordforgetter@lemmy.nz 1 points 1 week ago* (last edited 1 week ago) (1 children)

Well, the company is dying apparently. Good luck to him, lol. NZ Herald seems to have some fairly interesting premium articles from time-to-time, but most of their articles are about finance, business and investment. Not very interesting for me. If they made a newspaper or digital subscription for poor people I'd be more interested, but not if they dumb down language and assume everyone is a dolt.

Who listens to Newstalk ZB and reads NZ Herald? Nobody my age.

[–] BalpeenHammer@lemmy.nz 2 points 1 week ago

The idea is not to make a profit. The idea is to control the narrative in the country. Elon didn't buy twitter to make money, he bought it to gain control over countries and it worked.