Monday, March 26, 2007

GateHouse CEO to testify in Conrad Black trial

GateHouse Media CEO Michael Reed is expected to testify in the fraud trial of former Hollinger International CEO Conrad Black. Black is accused of stealing millions of dollars from Hollinger and putting it into his own accounts.

The prosecution's witnesses so far have been called to show that Black and his partners sold Hollinger properties and required buyers to make so-called "non-compete" payments, which went directly to Black. Reed will testify about his dealings with Black during the time when Reed was working for Community Newspaper Holdings, Inc., owners of the Joplin Globe.

GateHouse Media owns more than 400 publications nationwide, including The Carthage Press, Neosho Daily News, and the Big Nickel in this area.

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