Tuesday, May 16, 2006

HOLLINGER WILL COOPERATE -- "Under its agreement Monday with the US Attorney's office, Hollinger acknowledged that 'its officers, directors or employees acted illegally in connection with Inc.'s receipt of approximately $16.55 million in non-compete payments and that it is responsible for the repayment of such money.' Hollinger also agreed to assist the Justice Department's investigation and federal prosecutors will not pursue Hollinger 'for any crimes committed by its officers, directors or employees relating to the sale of various International newspaper publishing groups in the United States between 1998 and 2000.'"