Hollinger Inquiry Bill Nears $10m

18 March 2004

Beleaguered media group Hollinger International [H-Intl] has now spent $9.8 million (€8.0m; £5.4m) investigating disputed payments to Lord Conrad Black and his associates.

In a filing with America's Securities and Exchange Commission, the group this week disclosed the legal fees and other costs incurred by the special board committee conducting the probe.

Black, who controls parent company Hollinger Inc, resigned as the newspaper publisher's ceo in November after the committee unearthed $32.2m of allegedly unauthorised payments. H-Intl is now suing to recoup around $200m from the peer and his businesses.

Data sourced from: Financial Times; additional content by WARC staff