Former Hollinger International CEO Conrad Black and his partner David Radler resigned from their company, Ravelston, which current Hollinger executives say was used as a tool to loot the company of millions of dollars, according to the Associated Press.
Black and Radler are being investigated by officials in the U. S. and Canada.
Hollinger International at one time owned the Neosho Daily News and The Carthage Press. According to published reports, Black and Radler sold off Hollinger's smaller newspapers, including the Press and the Daily News and forced the buyers to pay unnecessary non-compete fees.