Hollinger International Inc., publisher of the Chicago Sun-Times, will restate financial statements for four years because of errors in tax filings related to sales of assets.
The restatements will increase tax liabilities by $61.8 million for 2000 through 2003, the company said in a filing with the Securities and Exchange Commission. The company said the changes would lower 2000 net income by $1.7 million and increase its 2001 net loss by about $1.9 million.
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