The other half belongs to CanWest Global Communications, owner of Global Television, Canada's third-biggest TV network.
Take out the CanWest newspaper sale and that number drops to less than 3 percent.
CanWest is the creation of Timothy Brock, a Vancouver investor who has gotten in trouble with the authorities.
That's justified, says Black, because CanWest execs are less skilled at running newspapers.
In 2000 Black sold Hollinger International's Canadian newspapers to CanWest Global Communications Corp.
CanWest bought an Alberta oil prospect from a company controlled by Morris E.
Brock has left, and Thornton Donaldson, CanWest's long-time chief executive, resigned in May.
CanWest is also on the verge of obtaining a 50% stake in the National Post, the Globe's fierce two-year-old rival.
In 2004 CanWest bought 49% of what is now 850, 000 acres of Saskatchewan oil sands prospects and an option for the rest.
His Rogers Communications ( Forbes, Oct. 30) is seeking to partner with CanWest on a number of ventures, including, possibly, ROB TV.
His Rogers Communications ( Forbes Global, Oct. 30) is seeking to partner with CanWest on a number of ventures, including, possibly, ROB TV.
His replacement, Murray Wilson, a Calgary investment banker, called questions about his CanWest predecessors "irrelevant" and got upset when they were posed to him.
He and Pinetree own 3 million shares in CanWest Petroleum Corp.
Earlier, CanWest bought the Globe's former partner in ROB TV.
Local speculation has Rogers forming some sort of alliance with or an outright takeover of CanWest Global Communications, a Canadian communications giant controlled by Israel Asper and son Leonard.
Schorn for 4 million shares. (Schorn's brother, Terence, is president of War Eagle Mining.) CanWest sold the Alberta prospect in October for "nominal cash proceeds" and wrote off the investment.
National regulators, aghast that the Globe and Post might be linked in any way, have forced CanWest to put its stake in ROB TV in a trust until either one of the parties washes its hands of the network.
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