Hollinger International Inc.
Hollinger International Inc. is a large media publishing company that "operates through its subsidiaries and affiliated companies as a global publisher with English-language newspapers in the United States, the United Kingdom, Canada and Israel." It also owns a "large number of community newspapers in the Chicago area and a portfolio of new media investments" [1]
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. [2]
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. [3]
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. [4]
The Company's assets include The Daily Telegraph (part of the Telegraph Group in the UK), The Spectator (UK), the Chicago Sun-Times, the New York Sun (13%), The Jerusalem Post (English daily newspaper), and La Republica (Central America)
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 Black, is Hollinger, Inc.'s parent company; Hollinger, Inc. is 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. [5], [6] These arrangements allowed Black, with only 15% ownership, to exercise a free hand in the operations of Hollinger International.
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, 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
- Detailed list of media properties and businesses
- Ketupa.net's media profile of Conrad Black and Hollinger.
- Rev. Alex M., Understanding how propaganda works in Canada, Inform Canada Newsletter #9, March 27, 2000. (Note: This site appears to offer anti-Semitic, "Christian" propaganda, with a heavy emphasis on alleged Bilderberg conspiracy theories. Its article on Hollinger does not include references and is not necessarily reliable.)
- Black & Hollinger, ketupa.net media profiles, March 2003. Includes links and more information on Hollinger holdings.
Breaking News
- 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.
