Hollinger International revealed last week that its quarterly loss in the three months to September was slightly less than in the same period the previous year, partly due to a reduction in legal costs related to former chief executive Conrad Black.
The group reported a $9.12 million loss in Q3, down from $29.6 million in 2004, and stated that around $9.4 million had been spent during the three month period on legal fees, down from $13.3 million in the third quarter of 2004.
Meanwhile, it emerged last week that Lord Black has had the charges against him augmented, meaning that he is now facing a maximum prison sentence of 95 years if found guilty.
In addition to the eight counts of mail and wire fraud with which he was charged late last year, and to which he pleaded not guilty, Lord Black is now facing one count each of racketeering, obstruction of justice, money laundering and wire fraud.
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