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Hollinger newspaper circulation row

13 April 2012

MORE controversy surrounds US media group Hollinger International - but it is unlikely to delay the Telegraph sell-off.

Hollinger is reviewing sales figures at the Chicago Sun-Times after discovering that they had been overstated for several years. The Daily Telegraph and Sunday Telegraph have been cleared of similar wrongdoing.

Holding company Hollinger Inc is blaming a lack of co-operation from Hollinger International for a delay in filing its 2003 annual report.

The pair have been at loggerheads since accusations surfaced that chairman and chief executive Lord Black siphoned money out of the business.

The auction winner, who is expected to pay about £675m, should be announced by the end of this week. Gordon Paris, Hollinger International's interim chairman, is in London to tie up the deal.

The bidders are venture capitalist 3i and the Barclay brothers, owners of The Scotsman.

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Annual Report
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