Conrad Black bids to buy Southam outright

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TORONTO -- Global publisher Conrad Black has made a bid for the remaining shares of Southam Inc., Canada's largest newspaper chain. The share purchase is through his company, Hollinger Canadian Publishing Holdings Inc., which has bid just over $700m for the rest of Southam, in a move to take the newspaper chain private. Black currently owns just under 50% of Southam.

As part of his publishing empire, Black owns several other Canadian publishing interests including the Sun publications which publish city papers in Calgary, Edmonton, Ottawa and Toronto and also the national Financial Post newspaper.

Copyright May 1997, Crain Communications Inc.

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