Conrad Black stands down as Chief Executive of publishing group Hollinger
In the UK, the company owns The Daily Telegraph, The Sunday Telegraph and magazine The Spectator. Elsewhere it owns the Chigago Sun-Times and the Jerusalem Post, plus various Canadian newspapers. Hollinger has simultaneously announced it may put itself up for sale. The Telegraph titles are apparently the main profit generators of the group.
The moves follow the results of an internal inquiry, authorised earlier this year by Black himself, which concluded that Lord Black and other executives had received more than $32m (£19m) in unauthorised payments.
The Telegraph is the newspaper I read most frequently, although I have always been well aware of its highly-partisan stance on political and social issues which have often seemed, to a regular reader such as myself, to be heavily influenced by input of one kind or another from Black, even if a contrary stance to what his is thought to have been has sometimes been taken. I wonder whether, in future, the Telegraph will be quite so ready to publish letters written by him outlining some of his 'wacky' ideas for this country's future (i.e. that the UK should withdraw from the EU amd instead apply to join NAFTA).
It will be interesting tomorrow to see how these events are covered in The Daily Telegraph.