Hollinger International: The Lord Black Saga
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Lord Black Ousted from Chairmanship Contd...
The suit added that they had concealed their self-dealing from HII's public shareholders. These revelations of fraud enraged HII's shareholders; their demand for compensation was met in January 2005, through the sale proceeds of The Telegraph, the British newspaper owned by HII.
Background: Black Builds a Feudal Empire
In 1971, Black, White and Radler bought some more small newspapers in Canada, and co-founded the Sterling Newspapers Group. Black's father, with some other shareholders, set up Ravelston Corporation (Ravelston) in 1969.
3] Argus Corporation (Argus) was an investment company whose portfolio consisted of companies like Canadian Breweries Ltd., Canadian Food Products Ltd., etc. Argus mainly derives its revenues from investment holdings in Hollinger Inc.
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