Friday, November 18, 2005

Carlyle bails out Conrad Black?

Gentlemen: start unrolling the tinfoil. We're going to need a lot of hats for this one. "Pentagon bankers may bail out Black: 'Ex-Presidents Club' ready to throw lifeline to embattled Telegraph owner" (The Observer):
The Carlyle Group, known as the Ex-Presidents Club because of the number of former world leaders it employs, is considering taking a stake in Hollinger International, which owns the Telegraph titles, the Jerusalem Post and the Chicago Sun-Times, according to those close to the firm.
'It's unusual for a group of assets to come to the market like this. We would look to sell off the Jerusalem Post and Hollinger's stake in the New York Sun. Conrad [Black] would have to step out of management, but that does not mean he would have to let go of his equity stake,' said a Carlyle source. 'Ideally, we would look to take a 25-40 per cent stake. That would allow us to put people on the board,' the source added.
[...] Leading foreign policy hawks Richard Perle and Henry Kissinger sit on the Hollinger board. Black himself is a member of the secretive Bilderberg group, an organisation comprising the world's leading businessmen and politicians, which some have accused of being an alternative world government.

2 Comments:

Blogger AL said...

Did you see Friday's "This Hour Has 22 Minutes" where that new guy...you know...what's his face was giving Connie the gears? It was beautiful. They were at Maclean's Magazine's 100 year Anniversary party when he asked Connie if he had ever accidentally shredded a copy of Maclean's while shredding Hollinger documents. Then as Connie was walking out he asked,"Could you bring my car around...oh...sorry...wrong guy." The look on Conrad's face was priceless......AL

11/19/2005 8:31 PM  
Blogger Godammitkitty said...

Hey there, Al! I missed last week's 22 mins :( I'll look out for the Conrad Black piece in their "video vault." Hopefully it'll be up there in a few days. Thanks!

11/20/2005 2:31 PM  

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