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SOUTHAM DIRECTORS QUIT

Three directors of Southam Inc. are resigning on July 22. The trio represents Montreal-based Power Corp. of Canada, which sold its 21.5% stake in Southam to Hollinger Inc. of Toronto last month. The three are Power chairman Paul Demarais, CEO André Demarais and chief financial officer Michel Plessis-Bélair. Directors David Johnston and Norman Robertson resigned after Southam co-chairman Conrad Black gained control of Southam by acquiring the Power shares.

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