▁Con rad ▁Black ▁and ▁business ▁partner ▁David ▁Rad ler . ▁At ▁one ▁time , ▁it ▁held ▁a ▁majority ▁st ake ▁in ▁Hol ling er ▁Inc ., ▁once ▁one ▁of ▁the ▁largest ▁media ▁corpor ations ▁in ▁the ▁world . ▁The ▁company ▁was ▁placed ▁into ▁receiver ship ▁in ▁ 2 0 0 5 ▁and ▁went ▁bank rupt ▁in ▁ 2 0 0 8 . ▁ ▁History ▁ ▁R avel ston ▁was ▁founded ▁by ▁a ▁group ▁of ▁business men ▁including ▁Bud ▁Mc D oug ald , ▁Max ▁Me igh en ▁and ▁Con rad ▁Black ' s ▁father ▁George ▁Monte gu ▁Black . ▁The ▁company ▁was ▁a ▁holding ▁company ▁for ▁Arg us ▁Corporation . ▁In ▁ 1 9 7 8 , ▁Con rad ▁Black ▁took ▁control ▁with ▁his ▁brother ▁of ▁R avel ston ▁after ▁his ▁father ' s ▁death . ▁Black ▁later ▁transformed ▁R avel ston ▁into ▁a ▁holding ▁company ▁which ▁was ▁the ▁head ▁of ▁his ▁global ▁media ▁emp ire ▁in ▁the ▁ 1 9 8 0 s ▁and ▁ 1 9 9 0 s . ▁The ▁company ▁was ▁mostly ▁owned ▁by ▁Black , ▁who ▁held ▁a ▁ 6 7 % ▁share ▁to ▁Rad ler ' s ▁ 1 4 %. ▁▁ ▁At ▁one ▁time , ▁R avel ston ▁controlled ▁ 7 8 % ▁of ▁Hol ling er ▁Inc .' s ▁stock ▁with ▁Black ▁as ▁CE O ▁and ▁Chair man ▁and ▁Rad ler ▁as ▁President . ▁R avel ston ▁held ▁shares ▁in ▁Con rad ▁Black ' s ▁holding ▁companies , ▁such ▁as ▁Hol ling er ▁International ,