Hollinger exiting Canadian trade, newspaper publishing markets.

Hollinger International (Chicago, IL) subsidiary Hollinger Canadian Publishing Co. (Toronto, ON) has completed the sale of its 70% interest in Great West Newspaper Group and its 50% interest in Fundata Canada, Inc. (Toronto, ON) to Jamison Newspapers and Glacier Ventures International Corp. (Vancouver, BC) for about $40.5 million. Glacier acquires half of Great West while Jamison purchases the remaining 20%.

Great West publishes 19 newspapers, mostly in Alberta. Established in 1987, Fundata provides investment fund data and analysis for the Canadian investment market. The company produces research and newsletters with information based on a database containing over 800 data points on more than 4500 funds.

Also, Hollinger said that it was in negotiations to sell its remaining Canadian assets, including its Business Information Group, to Glacier. The Business Information Group produces 37 print and online trade publications in a variety of fields, including energy, business and agriculture.

Hollinger, now in receivership, once published more than 600 newspaper titles in addition to a range of trade publications. Former executives of Hollinger, including Lord Black, currently face criminal charges in Chicago in connection with alleged fraud at the company.