Tycoon 'Lorded It Using Media Empire to Fund Lavish Lifestyle' ; Damning Report Claims Hollinger's Millions Fed Mogul's 'Ravenous Appetite for Cash'

Summary

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FALLEN newspaper mogul Lord Black had a 'ravenous appetite for cash' and treated his media empire as a 'piggy bank' to fund lavish dinners, exotic holidays and trips to the opera, a new report into his company leadership claims.

The long-awaited probe provides fresh evidence for a Pounds 700m racketeering lawsuit launched against Black by new directors of Hollinger International, former owner of the Daily Telegraph.

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Tycoon 'Lorded It Using Media Empire to Fund Lavish Lifestyle' ; Damning Report Claims Hollinger's Millions Fed Mogul's 'Ravenous Appetite for Cash'

To make matters worse, US watchdog the Securities and Exchange Commission says the peer faces a possible civil ac...

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