	holllinger hlg to paying mln dlrs for buy hollinger inc will pay about mln dlrs cash for its previously reported uisition of privately owned unimedia inc chairman conrad black told reporters after the annual meeting confirming a published report commenting on press reports about the mln dlr price tag black said that would not be wildly inaccurate although he declined to disclose the actual cost montreal based unimedia is quebec s third largest newspaper group with three french language daily newspapers in quebec city ottawa and chicoutimi quebec and four printing plants in ontario and quebec black added that hollinger would also continue seeking uisitions of daily newspapers with circulation under readers he said hollinger was currently talking to about such newspapers in the u s where the company currently owns dailies there is really no end to the ones that are available he told reporters although he added that most remaining uisition opportunities are in the u s he said that hollinger s pct owned daily telegraph plc of london should become profitable in this year s fourth quarter for full year the daily telegraph could break even or better said black citing major reductions in labor costs and improved technology at the telegraph britain s largest circulation quality daily the telegraph lost mln canadian dlrs last year daily telegraph chief executive andrew knight told reporters after the meeting that the telegraph s daily circulation had risen by since september to about on weekdays despite added competition from the new independent daily newspaper knight said the independent was not affecting the telegraph s growth but was making inroads into the circulation of other london quality dailies such as the times and the guardian hollinger chairman black predicted hollinger would post net income of about mln dlrs or one dlr a share including extraordinary gains from previous sales of discontinued operations hollinger lost mln dlrs or dlrs a share last year on fewer average shares and after an extraordinary loss of mln dlrs black told shareholders that first quarter operating earnings on continuing operations amounted to dlrs against a year ago loss of dlrs revenues on continuing operations rose to mln dlrs from mln dlrs last year which did not include daily telegraph revenues he added consolidated first quarter figures were not disclosed he said the daily telegraph s first quarter operating loss was sharply reduced from last year reuter 
