Shakeup at Southam

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Conrad Black's Hollinger Inc. took effective control of the Southam newspaper chain, Canada's biggest newspaper publisher, at a special shareholders' meeting in Toronto by voting out five long-term directors and installing new board members. Hollinger became the largest Southam shareholder with a 41% stake in May by buying 20.5% of the newspaper chain from Power Corp. of Montreal for $215 million. Hollinger now controls 58 dailies around the world and more than 40% of Canadian newspaper circulation. Incoming directors include Derek Barney, former aide to Prime Minister Brian Mulroney and current ACE Inc. executive, retired Ontario chief justice Charles Dublin, former United Nations ambassador Yves Forties, investment counselor Stephen Jarislowsky and lawyer Donna Kaufman..

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