Report: Hollinger, CanWest Talks Expand

Follow by Email
Visit Us


(AP) Hollinger International Inc. is in talks to sell the Jerusalem Post to the Canadian media company CanWest Global Communications Corp., a published report said Friday.

The Wall Street Journal, citing unidentified people familiar with the matter, said the talks are preliminary and could fall apart.

Hollinger International also owns London’s Daily Telegraph and the Chicago Sun-Times.

The report comes in the wake of a recent Delaware court ruling that forced newspaper tycoon Conrad Black to abandon a deal he had cut to sell control of Hollinger International Inc. to a pair of British businessmen.

The investment bank Lazard LLC has already begun a process on behalf of Hollinger International to obtain offers for the company and its assets.

The Journal report said a first round of bids is due by the end of March.

CanWest bought most of Hollinger’s big Canadian papers in 2000. The Journal report said the two companies have been negotiating over outstanding terms of that transaction, and the talks expanded to include the Jerusalem Post.

The newspaper said spokesmen for Hollinger International and CanWest in Winnipeg, Manitoba, declined to comment on the reported talks about the Jerusalem Post.

A call to a Hollinger International spokesman before business hours Friday was not immediately returned.

Leave a Reply

Your email address will not be published. Required fields are marked *