Hollinger International Inc on Wednesday posted a lower quarterly loss as the newspaper publisher spent less on legal fees for an accounting scandal involving former chief executive Conrad Black.
Hollinger, whose newspapers include the Chicago Sun-Times, showed a loss of $9.1 million, or 10 cents per share, in the third quarter of 2005, compared with a lost of $29.6 million, or 33 cents per share, a year earlier.
Revenue in the quarter was $138.4 million, up slightly from $137.6 million a year earlier.
In the three months ended September 30, the company spent $9.4 million in legal and professional fees relating to the litigation with Black, down from $13.3 million in the year-earlier period, it said. Hollinger said it has spent more than $102 million on the proceedings.
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