Second Chance

Media Mogul Conrad Black Freed On Bond

On Wednesday, a federal judge ordered Canadian newspaper owner Conrad Black free on a $2 million bond secured by his friend Roger Hertog. In 2007, Black was convicted on three counts of mail-and-wire fraud, honest-services fraud, and one count of obstruction of justice. Black, who previously owned the U.K.'s Daily Telegraph and the Chicago Sun-Times, had been in a federal prison in Coleman, Florida serving his 78-month sentence. While he has been ordered free, he must appear before a Chicago court before he can be released from custody.