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Ex-Sun-Times owner Conrad Black doing fine in prison
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Speaking to the National Post today, disgraced media mogul Conrad Black, whose conviction for criminal fraud earned him 78 months in prison, described life on the inside as rather pleasant, all things considered. Black also takes a few shots at his former paper and the judicial systems that done him wrong:
I arranged an offer of $18 for the stock and $8.44 for Hollinger Inc., and as late as 2005, an offer for Hollinger Inc. for $7.60. The American stock (now Sun-Times), is trading at between two and seven cents, and the Canadian company is worthless.
The people responsible for this commercial miracle have pocketed about $300 million for their spoliation, persecution, and theft, and they have been blessed at each stage by Canadian and American courts and regulators.
The $108 million the Sun-Times Media Group shelled out to carry forward the case against Black is still widely cited as a key factor in sinking the company to its current condition, and the company's efforts to recoup those expenses from Black remain in legal limbo. Black gets piano lessons while the STMG is still $700 million away from $108 million having any usefulness; the wisecracks almost make themselves.
Read more: The daily life of Conrad [National Post]
