Conrad Black's Former Empire Worth Almost Nothing, Going Private?
In his company’s annual meeting today, Cyrus Freidheim, CEO of Sun-Times Media Group — what’s left of disgraced and jailed baron Conrad Black’s media empire — told shareholders that the company may go private.
In May, S-TMG stock was de-listed on the New York Stock Exchange after it fell well below a dollar. Freidheim said the company, called Hollinger International during Black’s tenure, would continue to explore options to sell one or more of its businesses, which include more than 60 newspapers.
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