Hollinger International Announces Sale of The Jerusalem Post and The Jerusalem Report to Mirkaei Tikshoret Ltd.

Hollinger International Announces Sale of The Jerusalem Post and
The Jerusalem Report to Mirkaei Tikshoret Ltd. 


NEW YORK, Nov. 16  /PRNewswire-FirstCall/ -- Hollinger International Inc.
(NYSE:HLR) ("the Company") today announced that Mirkaei Tikshoret Ltd., a
leading publisher of newspapers in Israel, has agreed to acquire The Palestine
Post Limited, the publisher of The Jerusalem Post and The Jerusalem Report, for
a purchase price of US$13.2 million in cash.  This sale agreement resulted from
the Company's previously announced, ongoing Strategic Process.

Gordon Paris, Interim Chairman and CEO of Hollinger International, stated,
"Over the past year, we have undertaken a series of actions to maximize value
for our shareholders and position Hollinger International for increased
profitability and success over the long term.  Today's transaction represents
another step towards this end, and will allow our management team to devote its
full attention to further improving the quality and potential of our assets in
North America.

"The Jerusalem Post and Jerusalem Report together are leading publications in
the Middle East, and have consistently set the standard for excellence in
journalism.  We would like to thank the employees of these publications for
maintaining their focus during these past months.  With their new owners, these
publications will be in good hands, led by people who know the Israeli market
well and are dedicated to continuing the success of the publications," Mr.
Paris said.

The transaction is expected to close in mid-December 2004. Following the
closing, there will be no adjustments to purchase price.

The transaction involves the sale by American Publishing Holdings, Inc. of its
debt and equity interests in The Palestine Post Limited to Mirkaei Tikshoret
Ltd. American Publishing Holdings, Inc. is an indirect subsidiary of Hollinger
International. The transaction is subject to the satisfaction of standard
anti-trust requirements.

Hollinger International Inc. is a newspaper publisher whose assets include The
Chicago Sun-Times and a large number of community newspapers in the Chicago
area, a portfolio of new media investments and a variety of other assets.

Mirkaei Tikshoret Ltd. is one of the largest media groups and publishers of
newspapers in Israel, located in Tel-Aviv. Its holdings include, among other
things, television stations, radio stations and broadcasting rights, daily
newspapers in Russian and weekly and monthly magazines in both Hebrew and
Russian.

Certain statements made in this release are "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). Forward-looking statements include, without limitation, any statement
that may predict, forecast, indicate or imply future results, performance or
achievements, and may contain the words "believe," "anticipate," "expect,"
"estimate," "project, "will be," "will continue," "will likely result," "is
subject to," or similar words or phrases. Forward-looking statements involve
risks and uncertainties, which may cause actual results to differ materially
from the forward-looking statements.  The risks and uncertainties are detailed
from time to time in reports filed by Hollinger International with the
Securities and Exchange Commission, including in its Forms 10 K and 10 Q.  New
risk factors emerge from time to time and it is not possible for management to
predict all such risk factors, nor can it assess the impact of all such risk
factors on the Company's business or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from
those contained in any forward-looking statements.  Given these risks and
uncertainties, investors should not place undue reliance on forward-looking
statements as a prediction of actual results.

   Hollinger International Contacts:
   US/Canada Media
   Molly Morse
   Kekst and Company
   212-521-4826
   

   UK/Israel Media
   Jeremy Fielding
   Kekst and Company
   
   1-212-521-4825

   Mirkaei Tikshoret Contact:
   Eyal Golan
   Managing Director
   972-3-627-2000


DATASOURCE: Hollinger International Inc.



CONTACT:  US/Canada Media - Molly Morse, [phone],

, or UK/Israel Media - Jeremy Fielding, [phone],

, both of Kekst and Company, for Hollinger

International Inc.; or Eyal Golan, Managing Director of Mirkaei Tikshoret,

[phone]

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