UPDATE: Day 2 of Conrad Black Trial

Editor & Publisher, March 22, 2007 | Go to article overview

UPDATE: Day 2 of Conrad Black Trial


An attorney criminally charged with helping former media mogul Conrad Black swindle the Hollinger newspaper empire out of $60 million was a news business "outsider" who did the best job he could, his lawyer told a federal court jury Wednesday.

"He has had during the entire course of his employment at Hollinger at most five conversations with Conrad Black," defense attorney Ronald Safer said in his opening statement on behalf of defendant Mark Kipnis.

Defense attorneys were wrapping up opening statements on the second day of the trial, which is expected to last 12 to 16 weeks. Prosecutors hoped to call their first witness Wednesday afternoon.

Kipnis ranked well below Black and other two co-defendants at Hollinger, but prosecutors say that he handled much of the paperwork in a series of deals that netted Black millions of dollars that rightfully belonged to shareholders.

Safer, however, said his client worked hard to make all aspects of the transactions public but lacked extensive knowledge of newspapers and corporate securities.

"He was an outsider," Safer said.

Black, 62, born in Canada but now a full-fledged British baron, sat stoically through opening statements Tuesday as federal prosecutor Jeffrey H. Cramer called him the corporate counterpart to bank robbers and burglars.

"It was theft, it was fraud, it was crime," Cramer said.

Black and his three co-defendants are accused of swindling Hollinger shareholders out of $60 million by selling off hundreds of community newspapers and taking payments from the buyers on the side.

The payments were made in exchange for promises not to compete in the same markets where the papers circulated. Such "non-compete" agreements are not unusual in the publishing industry. But prosecutors say the money should have gone to Hollinger's shareholders, not the executives.

Black was ousted as CEO of Hollinger in late 2003 after a shareholders committee investigating the non-compete payments began asking questions. Black brushed aside such questions as "an epidemic of shareholder idiocy," Cramer told the jury.

Defense attorney Edward M. Genson ripped into the shareholders committee, saying that Black had "spent his life building" a profitable company and that the committee unreasonably snatched it away.

Prosecutors plan to call as their star witness F. David Radler, the No. 2 man in Black's climb from ownership of a small Canadian newspaper to the helm of a global media conglomerate.

Hollinger once owned the Chicago Sun-Times, the Toronto-based National Post, the Daily Telegraph of London, the Jerusalem Post and community papers in the United States and Canada. All the big papers except the Sun-Times have been sold and the company has been renamed Sun-Times Media Group.

Radler has pleaded guilty to his part in what prosecutors call a scheme to defraud the company and agreed to testify against Black in return for a relatively lenient 29-month sentence and $250,000 fine. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

UPDATE: Day 2 of Conrad Black Trial
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.