SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of December, 1998
HOLLINGER INC.
(Translation of registrant's name into English)
10 Toronto Street
Toronto, Ontario M5C 2B7
CANADA
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F Form 40-F x
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes No x
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EXHIBIT LIST
Sequential
Exhibit Description Page Number
99.1 Press Release dated December 4, 4
1998 of Hollinger Inc. and
Hollinger International Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
HOLLINGER INC.
Date: December 7, 1998 by /s/ Charles G. Cowan, Q.C.
--------------------------
Name: Charles G. Cowan, Q.C.
Title: Vice President and
Secretary
For immediate release on Friday, December 4, 1998
HOLLINGER INC. (Canada)
HOLLINGER INTERNATIONAL INC. (U.S.)
PRESS RELEASE
Toronto, December 4, 1998-Hollinger International Inc.
(NYSE:HLR), which is a U.S. subsidiary of Hollinger Inc. (TSE, MSE,
VSE:HLG.C; Nasdaq:HLGCF) has issued the following announcement in New York,
NY, today:
"Hollinger International Announces Sale of 45 Community
Newspapers to CNHI"
"Hollinger International Inc. (NYSE:HLR) today announced it has
reached agreement in principle (subject to standard due diligence) to
sell 45 of its U.S. newspapers properties to Community Newspaper
Holdings, Inc. (CNHI) of Birmingham, Alabama for approximately $475
million. In addition, Hollinger announced its intent to acquire the
daily newspaper in Effingham, IL from CNHI as part of this
transaction.
The properties in the proposed transaction are part of Hollinger's
Community Newspaper Division (American Publishing Co.) and are spread
across the U.S. in small market clusters and include 28 daily
newspapers. The properties are located in 14 states with the largest
clusters in Texas, Oklahoma and Alabama.
Mr. F. David Radler, Deputy Chairman, President and C.O.O. of
Hollinger said, "This sale represents the very best opportunity for
Hollinger to realize the maximum value for the newspapers and to show
an excellent return on our original investment and the work we have
put into these papers over the years. This sale will also allow
Hollinger to concentrate on our larger properties in North America."
Mr. Ralph J. Martin, President and C.E.O. of Community Newspaper
Holdings, Inc. said, "We are extremely excited about the acquisition
opportunity this transaction presents. These are excellent community
newspapers that fit extremely well with CNHI's existing newspaper
holdings. Adding newspapers of this quality to CNHI's family is a
great step in the continuing evolution of CNHI."
The proposed sale has received the approval of the Board of Directors
of Hollinger. The sale is expected to close early in 1999. No other
terms were disclosed.
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CNHI owns and operates more than 130 daily and weekly publications in
20 states.
Hollinger International, Inc., through subsidiaries and affiliated
companies, is a leading publisher of English language newspapers in
the United States, the United Kingdom, Canada and Israel. Included
among its paid daily newspapers are the Chicago Sun-Times, The Daily
Telegraph, The Jerusalem Post and the National Post (Canada)."
Hollinger Inc. is a Canadian-based international newspaper
company which, through its subsidiaries is engaged primarily in the
publishing, printing and distribution of newspapers and magazines in the
United States, Canada, the United Kingdom and Israel.
For further information:
Todd A. Vogt
Executive Vice-President
Community Newspaper Division
Hollinger International Inc.
(312) 321-3048
