NEW YORK (AP) - Conrad Black, the fallen press titan, has relinquished his seat on the board of Hollinger International Inc., the Chicago-based publishing company he founded.
Black's wife, Barbara Amiel Black, also resigned from the board, the company said in a brief statement released late Thursday.
Black, who was born in Canada but later renounced his Canadian citizenship to become a British Lord, was forced out as CEO and chairman of the company after an internal review found that he and several associates had improperly siphoned off millions of dollars from the company.
Hollinger is still trying to recover the money from Black through the courts, but it remains unclear whether they will recover meaningful amounts from him.
Black is also facing legal troubles in Canada, where his holding company Hollinger Inc., a shell company which holds his controlling stock in Hollinger International Inc., is based.
Canadian shareholders are trying to wrest control of that company from Black, and Black failed in a bid to take that company private.
At one time, Black's newspaper holdings included The Daily Telegraph, a major broadsheet in Britain that was later sold, as well as The Jerusalem Post.
Hollinger International still publishes the Chicago Sun-Times and a number of other regional newspapers near Chicago.
Black had moved in powerful circles in the diplomatic world, and the board of Hollinger International included several political figures such as former Secretary of State Henry Kissinger. - AP
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