The ’shake up’ is only just beginning, and the cry babies are wandering the halls of NZME like whinging children.
The way some of the current staff are carrying on, you would think they have had an arm chopped off, yet they take no ownership of the problem they helped create.
But lets be honest, NZME is a poor performing publicly listed asset, and it was ripe for a take over.
The current staff may not like the Board machinations, but it happened due to poor company performance, and due to poor editorial content.
One source told us that some staff are very salty and acting like little kids, despite not yet actually knowing what the plan is moving forward.
Much of the focus has been on a billionaire by the name of Jim Grenon, but there is also Steven Joyce, who is held in a very high regard.
Why was NZME a target? Simply put, it is a poor performing asset because of poor management, a poorly executed strategy, with a Board who were complicit in allowing poor direction that saw a decline sales and revenue.
We think that NZME could even be a take over target to be delisted.
This site is sitting on a huge amount of information that shows journalists being inept, and also shows that previous Boards have been complicit it in allowing nonsense ‘hit job’ reporting – which goes to the current CEO.
Time will tell if the Board changes make a difference.
