Publisher Hollinger International, once the dominant force in Canadian newspaper publishing, last week disposed of its remaining titles in the country.
It has shed 25 small newspapers in British Columbia, two in Quebec and an assortment of trade publications for C$121.7 million ($104.7m; €86.8m; £59m). Buyer Glacier Ventures International, in Vancouver, is a bottled water company turned publisher.
Comments H-Intl chairman/ceo Gordon Paris: "With the transaction announced today, we can now focus our efforts entirely on leveraging the strength of our more than 100 media properties across the Chicago area."
H-Intl, which publishes the Chicago Sun-Times and once owned the UK's Daily and Sunday Telegraph titles, was headed until 2003 by disgraced peer Lord Conrad Black, who renounced his Canadian citizenship to take a seat in the UK's upper legislative chamber.
Black is due to go on trial in Chicago accused of defrauding the company of $84m. He and three associates deny the charges.
Black's former confidant, David Radler, with whom he bought his first Canadian newspaper, has admitted one charge of wire and mail fraud and agreed to cooperate with US prosecutors.
Data sourced from New York Times; additional content by WARC staff