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 TORONTO (AP) - Media tycoon Conrad Black and longtime business partner David Radler have resigned as officers and directors of Ravelston Corp., the private holding company behind the troubled Hollinger media empire.
A lawyer for Ravelston told Ontario Superior Court about the resignations Wednesday as the firm sought bankruptcy-court protection from creditors.
According to an affidavit filed by Black's longtime deputy, Peter White, Ravelston Corp. and subsidiary Ravelston Management Inc. are seeking bankruptcy protection because they are insolvent and faced with "an immediate financial crisis."
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