The Canadian press baron Conrad Black has been sentenced to six-and-a-half years in jail for fleecing millions of dollars from shareholders of his company Hollinger International. Black’s media empire included the Daily Telegraph in London, the Chicago Sun-Times, the Jerusalem Post, National Post in Canada, and 400 other newspapers. Black was also ordered to return $6.1 million and pay a $125,000 fine. US Attorney Patrick Fitzgerald said he hoped Black’s sentencing will send a message to corporate America.

Patrick Fitzgerald: “We’re gratified that what happened in the court today should send a message to people who would even think about corporate fraud. Conrad Black was sentenced to six-and-a-half years. Anyone else who would think about stealing money from shareholders by taking money without permission, by committing fraud and deceiving shareholders, should think very, very seriously about the consequences that happened to Black.”

Black remains free on bail until March 3, when he will report to prison.