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Media mogul released from Miami prison

Published:Friday | May 4, 2012 | 1:33 PM

Former media mogul Conrad Black has been released from prison in Miami, after serving just over three years for defrauding investors.

Reports say the 67-year-old, who controlled an empire including the Daily Telegraph in the UK, and US papers including the Chicago Sun-Times, left prison early this morning.

Prosecutors said Black defrauded investors by paying himself a tax-free bonus from the sale of newspaper assets without the approval of the company's board.

Earlier this week, government sources in Canada said he would be allowed to live there upon his release.

They said he would be granted a one-year temporary residence permit.