Update 1: Conrad Black to Step Down As Hollinger CEO
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Conrad Black, the embattled press baron, said Thursday he would give up his posts as CEO and chairman of Hollinger Inc., a Canadian holding company, to ease his plan to take the company private.
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The troubles facing Conrad Black have intensified after a shareholder in Hollinger Inc, the holding company through which he controlled his newspaper empire, asked an Ontario court to remove the tycoon as chairman and chief executive.
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Conrad Black will resign from Hollinger Inc., the Canadian company that controls the publisher of the Chicago Sun-Times, to clear the way for the board to consider a bid to take the company private, his lawyer said.
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An Ontario judge ordered the removal of three Hollinger Inc directors on Thursday as part of an investigation into financial transactions at the holding company of fallen newspaper tycoon Conrad Black.
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Newspaper publisher Hollinger International Inc on Thursday said it will continue to pursue legal action against former chairman Conrad Black, despite being dealt a setback last week.
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REGULATORS in the US moved to seize the bulk of Lord Black of Crossharbourâs wealth yesterday and remove his power as controlling shareholder of Hollinger International, the newspaper publisher.
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Lord Black is to resign as chairman and chief executive of Hollinger Inc, clearing the way for the board to consider his offer to buy the firm.
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CONRAD BLACK stepped aside yesterday as chairman, chief executive and a director of Hollinger Inc., the Toronto holding company that has voting control over newspaper operator Hollinger International.
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TORONTO Conrad Black stepped aside today as head of the Toronto-based holding company that has voting control over Chicago-based newspaper publisher Hollinger International.
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Press tycoon Conrad M. Black and other top Hollinger International Inc. officials pocketed more than $400 million in company money over seven years and Black's handpicked board of directors passively approved many of the transactions, a company investigation concluded.
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FALLEN Press baron Lord Black has indicated he is willing to loosen control of Toronto-based Hollinger Inc amid allegations in an Ontario court filing by Canadian fund manager Catalyst.
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CHICAGO _ Citing technical legal issues, a Chicago federal court judge threw out Hollinger International $1.25 billion lawsuit against ousted Chief Executive Conrad Black _ but said many of the claims can be refiled in a state court.
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Former press baron Conrad Black will  quit as chairman and chief executive of his Canadian holding  company, Hollinger Inc. HLGc.TO, to facilitate his offer to  take the company private, his lawyer said on Friday.
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LONDON  - Hollinger International has extended an olive branch to its former ousted boss Conrad Black by offering him proceeds from its sale of two leading British newspapers, according to a report.
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CHICAGO - A US federal court judge has thrown out Hollinger International&#39;s $1.25 billion US lawsuit against Conrad Black and other former executives of the company.
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US securities regulators are expected to file civil charges as early as today against Conrad Black, the former chairman and CEO of Hollinger International.
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A judge overseeing the battle for control of Hollinger Inc. has allowed Conrad Black to remain atop the company, even after Black acknowledged that a $1.