Court grants bail to jailed ex-media mogul Black

[Scurrilous]

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"Jailed former newspaper magnate Conrad Black was granted bail by a federal appeals court on Monday, weeks after the U.S. Supreme Court kicked his 2007 fraud conviction back to a lower court.

The British baron and three other former executives from the media empire Hollinger International were convicted of swindling the company's shareholders out of $6.1 million.

But last month, the Supreme Court weakened the "honest services" law that was central to Black's fraud conviction. The justices left it up to a lower court to decide whether the conviction should be overturned."

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"A call to Black's attorney, Miguel Estrada, was not immediately returned. A federal Bureau of Prisons spokeswoman said Black, 65, remained in prison on Monday and it was unclear when he might be released."

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