Conrad Blac's media empire: guess this is why we should not be waiting for the media to straighten these things out.
Haaretz - Israel News - U.S. orders arrest of former Jerusalem Post owner Conrad Black: "Conrad Black, the conservative media mogul who has headed some of the world's largest papers, was charged Thursday with a 51.8-million-dollar fraud.

The indictment alleges that Black used an elaborate money-making scheme to pay for lavish trips to the South Pacific.

At one time, Black's Hollinger International empire included London's Daily Telegraph, the Chicago Sun-Times, the Jerusalem Post and 60 percent of Canada's dailies, prompting comparisons between Black and Australian media magnate Rupert Murdoch."