Hollinger International Inc.
Hollinger International Inc. is the former name of Sun-Times Media Group Inc. which is owned by Hollinger Inc.. Sun-Times Media Group Inc. owns the Chicago Sun-Times and a large number of community newspapers in the Chicago area. [1]
Contents
History
During November 2003 the Securities and Exchange Commission (SEC) announced that it was investigating the company. After an admission that several directors had received unauthorized payments totalling $32 million, CEO Conrad Black resigned, but stayed on as Chairman. [1]
The SEC is also (as of December 2003) investigating dealings with companies with links to Henry Kissinger and Richard N. Perle. Hollinger put £8m into UK firm Cambridge Display Technology, in which Perle has a stake, and £1.5m in Trireme Associates, which has links to venture capital fund Trireme Partners LP, co-managed by Perle. Kissinger served as a board member of Trireme. [2]
Hollinger International makes an annual contribution of $200,000 to The National Interest, a conservative quarterly magazine that also has links to Perle and Kissinger. [3]
The Company's assets include the Chicago Sun-Times, the New York Sun (13%) and La Republica (Central America)
In 2004 the Barclay brothers bought The Telegraph Group in the UK, which includes The Daily Telegraph and The Sunday Telegraph and The Spectator, from Hollinger after a lengthy Hollinger court battle. In December 2004 Hollinger International completed the sale of The Jerusalem Post (English daily newspaper) and Jerusalem Report to Israeli publisher Mirkaei Tikshoret. [4][5]
The company holdings are labyrinthine: "The operations of Hollinger, for the year ended December 31, 2001, consisted of the Chicago Group, Community Group, U.K. Newspaper Group and Canadian Newspaper Group." Ravelston Corporation, a private company controlled (with 65% ownership) by Conrad Black, is Hollinger, Inc.'s parent company; Hollinger, Inc. is a Toronto-listed company that owns 30% of Hollinger International (72% of the voting stock), a Delaware, US, company. The company's Canadian newspapers are owned through Hollinger Canadian Newspapers, Limited Partnership (Hollinger L.P.), in which Hollinger Inc holds an 87% interest. [6], [7] These arrangements allowed Black, with only 15% ownership, to exercise a free hand in the operations of Hollinger International.
On March 14, 2006, [Blommberg] reported that Peter White, who helped Conrad Black build Hollinger International Inc. had lost his fight to rejoin the board of Black's former holding company. [8]
Officers
- Conrad Black, Esq., Chairman of the Board of Directors, ex-CEO, and ex-Director.
- F. David Radler, Deputy Chairman, President, COO
- Daniel Colson, Vice Chairman, Deputy Chairman, CEO and Director of The Telegraph
- Gordon A. Paris, President and CEO (Jan 2005), Interim President (Dec 2003) and CEO; Director
- Peter Lane, CFO and Vice President
- Richard N. Perle, Director, member of the Executive Committee, and Director and Co-Chairman of Hollinger Digital Inc..
- Henry A. Kissinger, member of the board of directors
- James R. Thompson, member of the board of directors
Contact
Paul B. Healy
Vice President, Corporate Development and Investor Relations
712 5th Avenue
New York, New York 10019
Phone: 212-586-5666
Fax: 212-586-0010
Web: http://www.hollinger.com/
External links
- Media Guardian Special Report - Conrad Black, Hollinger and the Telegraph
- Ketupa.net's Media Profile: Hollinger, Black & the Barclays
- CJR's detailed list of media properties and businesses
- Patrick McGeehan, Hollinger Chief Agrees to Salary Cap of $6 Million, The New York Times, May 23, 2003: "Conrad Black ... told a roomful of restive shareholders yesterday that he would limit his annual pay to $6 million and would give up some control" of Hollinger International.
- "Hollinger risks delisting with delay", The Australian, December 31, 2004.
- "Hollinger to sell Jerusalem Post", BBC News, 17 November, 2004
- "Hollinger International Announces Completion of Sale of The Jerusalem Post and The Jerusalem Report to Mirkaei Tikshoret Ltd", PRNewswire, December 15, 2004.
- Matthew McClearn, Hollinger in the Black?, Canadian Business magazine, March 27-April 9, 2006 issue.
- Joe Schneider, Black's Former Partner Denied Reinstatement to Hollinger Board, Bloomberg, March 14, 2006.
- Hollinger in the Black?, Canadian Business Online, April 9, 2006.
- David Teather, Hollinger International agrees to pay bulk of Black's legal bills, The Guardian, April 13, 2006.
- HOLLINGER INC.: Beck named chairman after Wright quits, Bloomberg, April 19, 2006.
