EX-99.2 3 ex99_2.htm LETTER, DATED JANUARY 23, 2006 FROM JAY A SWARTZ, COUNSEL TO THE COMPANY, TO BRUCE MCNEW, COUNSEL TO CARDINAL CAPITAL MANAGEMENT LLC. Letter, dated January 23, 2006 from Jay A Swartz, counsel to the company, to Bruce McNew, counsel to Cardinal Capital Management LLC.
Exhibit 99.2
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BY EMAIL AND COURIER
 
Bruce McNew
Taylor & McNew LLP
3711 Kennett Pike
Suite 210
Greenville, DE 19807
 
 
Dear Bruce:
 
Hollinger International Inc.
 
We acknowledge receipt of your letter of January 18, 2006 which arrived by email on January 19, 2006.
 
There seems little value in continuing a debate with you regarding what Hollinger Inc. should do in the future with respect to a hypothetical transaction. Hollinger Inc. does not have sufficient information at this time regarding the sale processes available to Hollinger International Inc., the potential values to be derived from its shares or assets or other relevant factors which may affect a decision of the Board of Hollinger Inc. with respect to whether or not it will support a sale or similar transaction.
 
As to your comments regarding conversations between Newton Glassman and Gene Fox, Mr. Glassman has advised us that he did not make the statements attributed to him. In any event, please understand that, although Mr. Glassman is one of the six directors of Hollinger Inc., he does not speak on behalf of Hollinger Inc.
 
Yours very truly,

/s/ Jay A. Swartz

Jay A. Swartz
JAS/kcc
cc.        
Board of Directors, Hollinger Inc.
   
 Nathan Eimer