New conflict between Hollinger and Conrad Black
Seems like the Daily Telegraph drama isn’t over. According to Brand Republic, in what might be nothing more than a desperate attempt to stir things up, disgraced Hollinger CEO and majority shareholder Lord Conrad Black has announced today – two days after the Hollinger board approved the sale of the Telegraph to the Barclay brothers -- that the American firm Cerberus Capital Management has made a bid not just for the Daily Telegraph, but for the entire Hollinger stable, which includes the Chicago Sun-Times and the Jerusalem Post, titles the Barclay brothers had no interest in. "This deal would be an offer for the whole of Hollinger International, not just the Telegraph. This could be a more attractive bid. It is on the table," sources “close to Lord Black” were quoted as saying in The Times of London. Stay tuned…
Source: Brand Republic
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