By: E&P Staff Hollinger International Inc. said Wednesday that its legal expenses related to alleged wrongdoing by former Hollinger International Chairman Conrad Black and other executives totaled more than $102 million through the third quarter of 2005.
Hollinger disclosed the expenses as it finally caught up on its financial reporting requirements with the filing of its Form 10-Q for the third quarter of 2005.
The Chicago-based company, publisher of the Chicago Sun-Times and dozens of other Chicago-area and Canadian papers, said it had a lower loss in the quarter chiefly because its legal expenses have decreased compared to the same period last year.
Hollinger said it had a loss of $9.1 million, or 10 cents per share, for the quarter, compared with a loss of $29.6 million, or 33 cents per share, in the third quarter of 2004.
It reported revenue increased slightly in the quarter to $138.4 million, from $137.6 million a year earlier.
Legal and professional fees related to the Black litigation were $9.4 million in the quarter, down from $13.3 million a year ago.
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