Former Media Mogul Conrad Black Is Released

MIAMI (AP) -- Former media mogul Conrad Black was released from a federal prison in Miami early Friday after serving about three years for defrauding investors....

Former media mogul Conrad Black, who was released from prison in Miami after serving just over three years for defrauding investors, has told Newsnight's Jeremy Paxman he was "proud he was able to endure a discussion with him without smashing his face in.

CHICAGO (AP) — Former Illinois Gov. George Ryan was back at his longtime home on Wednesday following his pre-dawn release from a federal prison after serving more than five years for corruption.

Disgraced media mogul Conrad Black was granted bail by a US court as he appeals a six-and-a-half year jail term imposed after being convicted of defrauding shareholders."Appellant Conrad M. Black is granted bail pending the disposition of his appeal in this court," the court order said.It added the terms of Black's release would be set by the district court in Chicago which has been hearing his case, and it was not immediately clear when Black would be freed after being behind bars for the past two years.

But a federal court upholds fraud and obstruction convictions.