Hollinger files for protection from bankruptcy

HOLLINGER, the holding company that was at the centre of Conrad Black’s collapsed newspaper empire, has filed for bankruptcy protection while asserting control over its main remaining asset, a stake in Sun-Times Media Group.

The Toronto-based company said yesterday it has acted to remove three directors from the board of Sun-Times Media, which owns the Chicago Sun-Times and an assortment of community papers in the Chicago area.

At the same time, Hollinger is putting six of its nominees on the board, including Hollinger Chief Executive Wesley Voorheis, Chief Financial Officer William Aziz, and Peter Dey, a former Hollinger director and past chairman of the Ontario Securities Commission.