Ravelston Corporation Limited
Encyclopedia
Ravelston Corporation Limited is a Canadian holding company that was largely controlled by Conrad Black
and business partner David Radler
. It held shares in Black's other holding companies, such as Hollinger International, now known as Sun-Times Media Group
. The Toronto
-based private company had owned the British
Daily Telegraph and Toronto
's National Post
newspapers. These papers were sold, mostly to Canwest Global. The company was once the power base of Conrad Black
's and through this company controlled a media empire in the 1980s and 1990s. At one time, Ravelston controlled 78% of Hollinger's stock with Black as CEO and Chairman and Radler as President. As a result of Black's and Radler's legal problems involving allegedly unauthorized 'non-compete' payments in the sale of Hollinger International newspapers, Ravelston entered into receivership in summer 2005 and, on April 20, 2005, Black and Radler resigned from Ravelston to facilitate a filing for bankruptcy protection. Ravelston is now in the hands of court-appointed receiver RSM Richter
.
Conrad Black
Conrad Moffat Black, Baron Black of Crossharbour, OC, KCSG, PC is a Canadian-born member of the British House of Lords, and a historian, columnist and publisher, who was for a time the third largest newspaper magnate in the world. Lord Black controlled Hollinger International, Inc...
and business partner David Radler
David Radler
F. David Radler is a Canadian executive and close associate of Conrad Black for 36 years. Radler was once president of Ravelston Corporation, a privately owned corporation owned by Black and Radler to control their former newspaper empire. Ravelston owned Argus Corporation which in turn...
. It held shares in Black's other holding companies, such as Hollinger International, now known as Sun-Times Media Group
Sun-Times Media Group
Sun-Times Media Group is a Chicago-based newspaper publisher. It is known for its prior association with controversial Canadian businessman Conrad Black.-History:...
. The Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
-based private company had owned the British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
Daily Telegraph and Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
's National Post
National Post
The National Post is a Canadian English-language national newspaper based in Don Mills, a district of Toronto. The paper is owned by Postmedia Network Inc. and is published Mondays through Saturdays...
newspapers. These papers were sold, mostly to Canwest Global. The company was once the power base of Conrad Black
Conrad Black
Conrad Moffat Black, Baron Black of Crossharbour, OC, KCSG, PC is a Canadian-born member of the British House of Lords, and a historian, columnist and publisher, who was for a time the third largest newspaper magnate in the world. Lord Black controlled Hollinger International, Inc...
's and through this company controlled a media empire in the 1980s and 1990s. At one time, Ravelston controlled 78% of Hollinger's stock with Black as CEO and Chairman and Radler as President. As a result of Black's and Radler's legal problems involving allegedly unauthorized 'non-compete' payments in the sale of Hollinger International newspapers, Ravelston entered into receivership in summer 2005 and, on April 20, 2005, Black and Radler resigned from Ravelston to facilitate a filing for bankruptcy protection. Ravelston is now in the hands of court-appointed receiver RSM Richter
RSM Richter
RSM Richter is one of the largest independent accounting firms in Canada. The firm offers accounting and business advisory services, primarily to mid-sized companies. It includes 61 partners and 550 professionals, with offices in Montreal, Toronto and Calgary...
.