Hollinger Given OK To Report Finances, Hold Shareholder Meeting

By: E&P Staff

Hollinger Inc., the distressed Toronto-based holding company that owns a controlling stake in the Chicago Sun-Times’ publishing company, revealed it has won approval from Canadian securities regulators to file financial statements dating back to 2003.

In its latest status update, Hollinger also said it intends to hold a long-delayed shareholders annual meeting sometime in the spring.

Under a Dec. 7 order from several provincial securities regulators, Hollinger must file the financial statements by early March. The statements will cover the financial years ended Dec. 31, 2003, 2004, and 2005, and March 31, 2006. It will also file interim statements for the current fiscal year, “with a view to bringing its disclosure filings current and compliant with applicable law,” Hollinger said.

Hollinger’s principal asset is its direct and indirect holdings of approximately 70.1% voting and 19.7% equity interest in Sun-Times Media Group Inc., which publishes dozens of newspapers in the Chicago area and was formerly called Hollinger International Inc.

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