Big Brother And The Holding Company

Oh,Lord
Won'tYouBuyMeAMercedesBenzVille


Looks like our Lord is in the Cross Hairs again:


Reuters, July 7/06: Hollinger Inc. said yesterday that it was countersuing the newspaper publisher Hollinger International in Federal District Court in Chicago, contending there was fraud in the transfer of two newspapers to the publisher in the late 1990's.

Hollinger claims Hollinger International participated in a scheme to acquire The Daily Telegraph of London in 1995 and several Canadian newspapers in 1997 at prices "far below fair value," according to a statement.

This was part of a plan to reduce Hollinger to a holding company with no operating assets and allow a minority owner, the Ravelston Corporation, to become its controlling shareholder without expending any of its funds, Hollinger said.


In other news, Lord Black's arch nemesis and holder of the skeleton key* to Lady Black's heart**, Patrick Fitzgerald, wins again. This time Fitzgerald has banged the gong of something even Hunter S. Thompson could not beat - the Daley machine in Chicago.

As the Lord and Lady might say if they still had their mano(u)r......

"Pity."

_____
*a.k.a. David Radler.
**and/or wardrobe closet which, rumour has it, may not necessarily be two different things.


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