▁now ▁known ▁as ▁Sun - Times ▁Media ▁Group . ▁The ▁Toronto - based ▁private ▁company ▁had ▁owned ▁the ▁British ▁Daily ▁Te legraph ▁and ▁Toronto ' s ▁National ▁Post ▁newsp apers . ▁These ▁papers ▁were ▁later ▁sold , ▁mostly ▁to ▁Can west ▁Global . ▁ ▁Dem ise ▁▁ ▁As ▁a ▁result ▁of ▁Black ' s ▁and ▁Rad ler ' s ▁legal ▁problems ▁involving ▁alleg edly ▁una ut hor ized ▁' non - comp ete ' ▁pay ments ▁in ▁the ▁sale ▁of ▁Hol ling er ▁International ▁newsp apers , ▁R avel ston ▁entered ▁into ▁receiver ship ▁in ▁summer ▁ 2 0 0 5 . ▁On ▁April ▁ 2 0 , ▁ 2 0 0 5 , ▁Black ▁and ▁Rad ler ▁res igned ▁from ▁R avel ston ▁to ▁facil itate ▁a ▁fil ing ▁for ▁bank rupt cy ▁protection . ▁Black ▁and ▁four ▁other ▁executive ▁were ▁later ▁conv icted ▁of ▁fra ud ▁over ▁the ▁di version ▁of ▁$ 6 ▁million ▁from ▁Hol ling er ▁International . ▁R avel son ▁was ▁also ▁charged ▁with ▁fra ud ▁by ▁the ▁US ▁Att orney ' s ▁office ▁in ▁Chicago . ▁In ▁ 2 0 0 5 , ▁R avel ston ▁was ▁placed ▁in ▁the ▁hands ▁of ▁court - app oint ed ▁receiver ▁R SM ▁Rich ter . ▁Rich ter ▁negoti ated ▁a ▁settlement ▁of ▁the ▁charges ▁on ▁the ▁company ' s ▁beh alf ▁in ▁ 2 0 0 7 . ▁In ▁December ▁ 2 0 0 8 , ▁the ▁company ▁went ▁bank rupt . ▁ ▁References ▁ ▁Category : M ass