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Black moves up resignation as Hollinger CEO

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New York --Hollinger International Inc., which owns the Chicago Sun-Times, London Daily Telegraph and other newspapers, announced Wednesday that Lord Conrad M. Black resigned, “on advice of counsel,” effectively immediately as CEO, rather than on Friday, as previously announced. Because of the resignation, Black was unable to sign the certification of Hollinger’s 10-Q report for the third quarter. Black resigned amid a scandal concerning millions of dollars he and other executives accepted in non-compete payments that were not authorized by Hollinger’s board of directors. The Securities and Exchange Commission has launched an investigation into the matter.
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