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 April, 1999
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 April 30, 1999 5
of Hollinger Canadian Publishing
Holdings Inc., Hollinger
International Inc. and
Hollinger Inc.
<PAGE>
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: May 4, 1999 by
/s/ Charles G. Cowan, Q.C.
-----------------------------
Name: Charles G. Cowan, Q.C.
Title: Vice President and
Secretary
HOLLINGER CANADIAN PUBLISHING HOLDINGS INC. (Canada)
HOLLINGER INTERNATIONAL INC. (U.S.)
HOLLINGER INC. (Canada)
HOLLINGER CANADIAN NEWSPAPERS, LIMITED
PARTNERSHIP
Toronto, Canada, April 30, 1999 - Hollinger Canadian Publishing
Holdings Inc. ("Hollinger Canadian") (TSE, ASE: HCP.U) and its affiliates,
Hollinger Inc. ("Hollinger") (TSE, ME, VSE: HLG.C; Nasdaq: HLGCF) and
Hollinger International Inc. ("Hollinger International") (NYSE: HLR),
announce the formation of Hollinger Canadian Newspapers, Limited
Partnership (the "Hollinger L.P."). The Hollinger L.P. has been created in
order to establish an investment vehicle for investors interested in
participating directly in the cash flow to be generated from the ownership
of community newspaper assets. To that end, the Hollinger L.P. has acquired
Canadian community newspapers formerly owned and operated by Hollinger
Canadian and its affiliates (principally Southam Inc., UniMedia Inc. and
Sterling Newspapers Company). The newspapers acquired include 49 daily
newspapers, 146 non-daily newspapers and shopping guides and 140 specialty
publications located across Canada. The newspapers purchased produced 1998
earnings before interest, depreciation and amortization ("EBITDA") of
approximately Cdn. $165 million and were sold to the Hollinger L.P. for
approximately Cdn. $1.8 billion.
The Cdn. $200 million private placement previously announced on April
15, 1999 has been completed and private placement investors have received
Cdn. $200 million of special warrants to acquire partnership units of
Hollinger L.P. The Hollinger L.P. has filed a preliminary prospectus to
qualify 20 million limited partnership units issuable upon exercise of the
special warrants. Upon issue of such limited partnership units, Hollinger
Canadian will continue to hold approximately 89% of the equity of the
Hollinger L.P. and private placement investors will hold the balance.
Salman Partners Inc. acted as agent in connection with this private
placement. A public offering of partnership units of the Hollinger L.P. is
planned for later this year which, if successful, will result in Hollinger
Canadian's unit holding being reduced to not less than 75%.
The net proceeds of the special warrant issue have been applied to
reduce bank debt of the Hollinger International group of companies.
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2
Hollinger International, through its subsidiaries and affiliated
companies, is a leading publisher of English-language newspapers in the
United States, the United Kingdom, Canada and Israel. Included among the 87
paid daily newspapers that the company wholly owns or has an interest in
are the Chicago Sun-Times, The Daily Telegraph (London) and The Ottawa
Citizen. In addition, the company owns or has an interest in 273 non-daily
newspapers as well as magazines and other publications.
Hollinger Inc. is a Canadian-based international newspaper company
that through its subsidiaries is engaged primarily in the publishing,
printing and distribution of newspapers and magazines in the United
Kingdom, the United States, Canada and Israel.
For information please call:
Paul B. Healy J.A. Boultbee Peter Y. Atkinson
Vice-President, Executive Vice-President Vice-President and
Corporate Development and and CFO General Counsel,
Investor Relations, Hollinger Inc. and Hollinger Inc. and
Hollinger International Inc. Hollinger Vice-President,
(212) 586-5666 International Inc. Hollinger
(416) 363-8721 International Inc.
(416) 363-8721
