NZME (ASX:NZM, NZE:NZM) published a letter from JTG 4, a company owned by Jim Grenon on Tuesday, and addressed to its shareholders in relation to Grenon's proposed changes to the NZME board, according to Wednesday filings with the Australian and New Zealand bourses.

It asked shareholders to remove all current directors from office and vote in favor of Jim Grenon, Philip Crump, Des Gittings, and Simon West as directors.

The letter noted that it "may be useful" to add up to four additional board members to a proposed new board, including from the current board or advisory boards of one of NZME's businesses, as well as the senior management, most likely current Chief Executive Michael Boggs, and a nominee from shareholder Osmium Partners, who has separately nominated two directors.

Grenon said that he continues to engage in discussions with NZME shareholders and added that he believes the JTG 4 proposal will earn the support of an overwhelming majority of votes at the

upcoming annual meeting.

Shares of NZME rose 1% on market close on the ASX and 3% on market close on the NZX.