Hollinger International Invests in Stockhouse.com
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Newspaper publisher Hollinger International Inc. together with Liberty Group Publishing Inc., Community Media Group and Horizons Operation purchased a combined 9 percent stake in StockHouse Media Corp.
StockHouse is an Internet financial media group with offices in the United States, Canada, Australia and Hong Kong.
As part of the financing, StockHouse will receive.$1.5 million Canadian in advertising in Hollinger-owned publications, bringing Hollinger's total equity stake in StockHouse to 7 percent.
Hollinger has agreed to advise and assist StockHouse in its international expansion. Hollinger President and Chief Operating Officer David Radler, will join StockHouse's Advisory Board, and Hollinger Vice President of New Media Frederic Lebolt will become chairman of StockHouse's Advisory Board.
StockHouse.com, (USA) StockHouse.ca (Canada) and StockHouse.com.au (Australia) offer investors financial content including charts, quotes, financial news highlights, newsletters and syndicated chat forums.