Conrad Black once ruled the third largest newspaper business in the world. Now he's heading to jail for six and a half years. The Canadian former newspaper tycoon was convicted of lining his pockets with millions of dollars that should have gone to the company he founded.
Hollinger International owned The Chicago Sun Times and London's Daily Telegraph, among other papers.
Lord Black, known for his lavish lifestyle, refused to apologize for his actions at his sentencing. But he did express regret to shareholders for the evaporation of nearly $2 billion in the company's value. He and lawyers plan to appeal.