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                                                                    Exhibit 99.1

                                 HOLLINGER INC.
                             PROVIDES STATUS UPDATE

         Toronto, Canada, June 29, 2004 -- Hollinger Inc. ("Hollinger") (TSX:
HLG.C; HLG.PR.B) provides the following update in accordance with the guidelines
pursuant to which the June 1, 2004 management and insider cease trade order was
issued. These guidelines contemplate that Hollinger will normally provide
bi-weekly updates on its affairs until such time as it is current with its
filing obligations under applicable Canadian securities laws.

         Hollinger continues to devote resources to the completion and filing of
its financial statements as soon as practicable. As previously announced,
Hollinger made further requests for access to Hollinger International Inc.'s
financial records, its management personnel and the working papers of Hollinger
International Inc.'s auditors in order to allow for the preparation and audit of
Hollinger's financial statements. Hollinger has not, to date, received a
satisfactory response from Hollinger International Inc. to its requests and,
accordingly, will be taking further steps in an effort to compel such access.

         Hollinger is pleased to announce the appointment of Adrian M.S. White
as Interim Chief Financial Officer, who will replace Fred A. Creasey, the Chief
Financial Officer, in such capacity on a temporary basis, while Mr. Creasey is
on medical leave. Mr. White is a Chartered Accountant and FCA and, among other
things, is a former Governor and executive of the Canadian Institute of
Chartered Accountants, a former member of council and executive of the Institute
of Chartered Accountants of Ontario, a former Chairman of the Canadian Bankers
Association Task Force on Capital Adequacy and Liquidity and Past President,
Financial Executives Institute (Toronto Chapter).

         As previously announced by Hollinger on June 15, 2004, unless a June
30, 2004 reporting default under the terms of the indenture (the "Indenture")
governing Hollinger's senior secured notes due 2011 (the "Notes") is remedied or
waived by the holders of the Notes, the terms of the Indenture will prevent
Hollinger from honouring retractions of its Retractable Common Shares and Series
II Preference Shares. Subsequent to such announcement, holders of Series II
Preference Shares submitted for retraction an aggregate of 22,149,958 shares.
All of such Series II Preference Shares submitted for retraction have been
honoured and a total of 10,188,978 shares of Class A Common Stock of Hollinger
International Inc. have been issued in connection therewith in accordance with
Hollinger's articles. As a result of the foregoing, Hollinger's equity interest
in Hollinger International Inc. has been reduced from 29.7% to 18.2%. Since May
31, 2004, holders of Retractable Common Shares have submitted for retraction an
aggregate of 1,068,603 Retractable Common Shares for aggregate retraction
consideration of $9,617,427 in cash.

         After careful deliberation, Hollinger has concluded that it is not able
to complete the retractions of any Retractable Common Shares submitted after May
31, 2004 or retractions of Series II Preference Shares submitted after June 30,
2004 without unduly impairing its liquidity. Therefore, retractions of
Hollinger's outstanding shares submitted after such dates are suspended until
further notice. Retraction of any shares which are not withdrawn will be
completed if and when Hollinger's liquidity position permits. Pending completion
of retractions, holders do not become creditors of Hollinger but remain as
shareholders. Holders may exercise their right to

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withdraw their retraction notices at any time. In order to exercise the
withdrawal right, holders should contact the Computershare Call Centre -
Shareholder Services at 1 (800) 564-6253.

         Hollinger's principal asset is its approximately 68.0% voting and 18.2%
equity interest in Hollinger International Inc. Hollinger International is a
global newspaper publisher with English-language newspapers in the United
States, Great Britain and Israel. Its assets include The Daily Telegraph, The
Sunday Telegraph and The Spectator and Apollo magazines in Great Britain, the
Chicago Sun-Times and a large number of community newspapers in the Chicago
area, The Jerusalem Post and The International Jerusalem Post in Israel, a
portfolio of new media investments and a variety of other assets.


Media contact:                             For more information, please contact:
Jim Badenhausen                            Hollinger Inc.
646-805-2006                               Adrian M.S. White
                                           416-363-8721

                              www.hollingerinc.com