Conrad Black

At 79 years old, Conrad Black physical status not available right now. We will update Conrad Black's height, weight, eye color, hair color, build, and measurements.

Black became involved in a number of businesses, mainly publishing newspapers, starting when he was still in university. In 1966, Black bought his first newspaper, the Eastern Townships Advertiser in Quebec. Following the foundation as an investment vehicle of the Ravelston Corporation by the Black family in 1969, Black, together with friends David Radler and Peter G. White, purchased and operated the Sherbrooke Record, the small English-language daily in Sherbrooke, Quebec. In 1971, the three formed Sterling Newspapers Limited, a holding company that acquired several other small Canadian regional daily and weekly newspapers, including the Prince Rupert Daily News and the Summerside, Prince Edward Island, Journal Pioneer.

George Black died in June 1976, ten days after his wife, leaving Conrad Black and his older brother, Montegu, a 22.4% stake in Ravelston Corporation, which by then owned 61% voting control of Argus Corporation, an influential holding company in Canada. Argus controlled large stakes in five Canadian corporations: Hollinger Mines, Standard Broadcasting, Dominion Stores, Domtar and Massey Ferguson. Hollinger controlled Labrador Mining and Exploration and had a large stake in Noranda Mines. Black succeeded his father as a director of Dominion Stores and Standard Broadcasting, owner of radio stations CFRB (Toronto) and CJAD (Montreal), and television station CJOH (Ottawa). Conrad Black became a director of the Canadian Imperial Bank of Commerce in 1977.

Through his father's position at Canadian Breweries, and his status as a co-founder of Ravelston, Black gained early association with two of Canada's most prominent businessmen: John A. "Bud" McDougald and E. P. Taylor, the first two presidents of Argus. Following McDougald's death in 1978, Black paid $18 million to McDougald's widow and her sister for control of Ravelston and thereby, control of Toronto-based Argus. Interviews with the two sisters in their retirement homes in Florida were aired 21 September 1980 in the episode of the CBC's The Canadian Establishment, entitled "Ten Toronto Street". This episode covered the period during which Conrad Black became president of Argus Corporation following the death of McDougald. Black's new associate, Nelson M. Davis became chairman. Patrick Watson, the host and narrator of series interviewed the two widows in their Florida retirement homes. Black recorded that the widows "understood and approved every letter of every word of the agreement". Other observers admired Black for marshaling enough investor support to win control without committing a large block of personal assets. He brought in new partners to replace Mrs. McDougal and her sister Mrs. W. Eric Philips.

Some of the Argus assets were already troubled, and others did not fit Black's long-term vision. Black resigned as Chairman of Massey Ferguson company on 23 May 1980, after which Argus donated its shares to the employees' pension funds, both salaried and union. Hollinger Mines was then turned into a holding company that initially focused on resource-based businesses.

In 1981 Norcen Energy, one of his companies, acquired a minority position in Ohio-based Hanna Mining Co. In a filing with the US Securities and Exchange Commission (SEC), a disclosure was made to the effect that Norcen took "an investment position" in Hanna. The filing did not include a disclosure that Norcen's board planned to seek majority control. Black subsequently was charged by the SEC with filing misleading public statements. These charges were later withdrawn.

In 1984, the Dominion Stores Board of which Montegu Black was the chairman, with the prior consent of the Ontario Pension Commission, withdrew over $56 million from the Dominion workers' pension plan surplus which the management had generated. The company said it considered the surplus the rightful property of the employer (Dominion Stores Ltd.), as the shareholders would have to pay for any shortfall if the assets had been less successfully invested. The Dominion employees' union the United Food and Commercial Workers protested, a public outcry ensued, and the case went to court. The Supreme Court of Ontario ruled against the company, and ordered the company to return the money to the pension fund, claiming that though the most recent language in the plan suggested the employer had ownership of the surplus, the original intention was to keep the surplus in the plan to increase members' benefits. Eventually, the pension dispute was settled in equal shares between the shareholders and the plan members.

Over time, Black focused the formerly diverse activities of his companies on newspaper publishing. Argus Corporation was one of Canada's most important conglomerates, though apart from Standard Broadcasting, it had less than 25% of the stock of the companies in which it was invested, and four-fifths of its own stock did not vote. Black had negotiated the acquisition of that stock from Power Corporation chairman Paul G. Desmarais in 1979 to become, as he put it, a 'real proprietor'. Black supervised the divesting of interests in manufacturing, retailing, broadcasting and ultimately oil, gas and mining. Canadian writer John Ralston Saul argued in 2008, "Lord Black was never a real 'capitalist' because he never created wealth, only dismantled wealth. His career has been largely about stripping corporations. Destroying them." Journalist and writer George Jonas, the former husband of Black's wife, Barbara Amiel, contended that Hollinger made its "investors ... billions [of dollars]".

Black bought Quebec City's Le Soleil, Le Droit of Ottawa, and Le Quotidien of Chicoutimi from Jacques G. Francoeur.

In 1986, Andrew Knight, then editor of The Economist, advised Black an investment could be made in the ailing Telegraph Group (London, U.K.), and Black was able to gain control of the Group for £30 million. By this investment, Black made his first entry into British press ownership. Five years later, he bought The Jerusalem Post, and by 1990, his companies ran over 400 newspaper titles in North America, the majority of them small community papers. For a time from this date he headed the third-largest newspaper group in the Western World. In 1991, the Telegraph Group acquired a 25 percent stake in John Fairfax Holdings, an Australian media company which published the Sydney Morning Herald, The Age and The Australian Financial Review. Foreign-ownership laws prevented Black from acquiring a majority stake, but he had effective control of the company. He sold his share to a New Zealand investment firm in 1996 for $513 million, a reported $300 million profit. He subsequently complained about Australia's "capricious and politicized foreign ownership rules".

Hollinger had bought a 23% stake in the Southam newspaper chain in 1992 from TORSTAR, publisher of the Toronto Star. Black and Radler acquired the Chicago Sun-Times in 1994. Hollinger International shares were listed on New York Stock Exchange in 1996, at which time the company boosted its stake in Southam to a control position. Becoming a public company trading in the US has been called "a fateful move, exposing Black's empire to America's more rigorous regulatory regime and its more aggressive institutional shareholders".

Under Black, Hollinger launched the National Post in Toronto in 1998. This newspaper was sold throughout the country in direct competition with The Globe and Mail. From 1999 to 2000, Hollinger International sold several newspapers in five deals worth a total of CA$3 billion, a total that included millions of dollars in "non-compete agreements" for Hollinger insiders.

Institutional investor Tweedy, Browne opposed the payment of non-compete fees to Hollinger management in connection with the sales and requested on the day before the annual meeting in May 2003 that a special committee be appointed to look into the compensation of management. Black agreed that citing such fees was standard procedure in the newspaper industry, had been requested by buyers and had been properly disclosed. The special committee and its counsel, former Chairman of the SEC Richard C. Breeden, discovered that David Radler had misled the Hollinger directors, including Black, about the extent of his own participation in some of the related party transactions to sell otherwise unclaimed community newspapers in the US and also that two of the smaller transactions involving non-compete payments had not been signed by the vendors. Breeden involved the US Attorney in Chicago, and Radler, after about 18 months, would promise to plead guilty to one count of fraud and to provide evidence against Black and others in exchange for a light sentence in Canada.

Black made an agreement with Breeden, shortly after the unsigned status of the two non-compete agreements came to light, by which he would remain as Chairman, but temporarily vacate the position of Chief Executive, pending verification that he, Black, had known nothing of these problems, which were handled by the company's counsel, and occurred in Radler's American Publishing division. Black and Breeden were in negotiations, sponsored by Henry A. Kissinger, who was a Director of Hollinger, when the special committee, without warning, sued Black and others. Black counter-sued, and included a libel suit in Canada. The libel settlement was by far the largest in Canadian history.

The Hollinger group of companies was effectively dismantled as a result of the cascade of criminal and civil lawsuits that followed in relation to sales of papers and intellectual property to third parties, most alleging misrepresentation and some alleging false or deliberately misleading accounts having been presented. The costs incurred by Hollinger International through the investigation of Black and his associates climbed to US$200 million. Black claims a significant portion of the sums paid by Hollinger International went to Richard C. Breeden. Black himself incurred large legal fees.

Black resigned from the board of Hollinger in 2005, and many of Hollinger International's assets ended up being sold at prices significantly lower than those contemplated in uncompleted negotiations while Black was with the company. By the early 2000s, it was clear that Black had accurately anticipated the decline in profitability of print media assets and sought to divest those types of assets held by Hollinger before their value was irrevocably diminished. The criminal sanctions on Black not overturned were for removing 13 boxes of paper from his office a few days before he had to move offices, and under the gaze of security cameras he had installed, and for receiving US$285,000 as a non-compete payment that was approved by the independent director and publicly disclosed, but where the company secretary had neglected, in what the trial judge considered to be a clerical oversight, to have signed by the parties.

Black co-hosted a weekly talk show, The Zoomer, which premiered 7 October 2013 on VisionTV in Canada, and ran for two years. He interviewed Donald Trump, Boris Johnson, and Justin Trudeau who went on respectively to be President of the United States, British Prime Minister, and Prime Minister of Canada; and also interviewed Nigel Farage, leader of the UK Independence Party. From January 2015 through 2016, Black hosted Conversations with Conrad, a series on VisionTV in which Black conducted long-form one-on-one interviews with notable figures such as Margaret Atwood, Brian Mulroney, Rick Mercer, Barry Humphries and Michael Coren.

As of June 2020, Black is a commentator on two weekly national radio segments in the United States, and writes columns on online sites including National Review, RealClearPolitics, The Epoch Times, and American Greatness in addition to his weekly column in the National Post.

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