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                                                                    EXHIBIT 99.2


 HOLLINGER INC. SEEKS TO VACATE ASPECTS OF COURT ORDER THAT STRIPPED COMPANY OF
          FUNDAMENTAL RIGHTS AS SHAREHOLDER OF HOLLINGER INTERNATIONAL

         Hollinger Inc. Was Never Given Opportunity to Be Heard by Court

         Says It Is Improper to Entrench Hollinger International Board,
                      Given Questions About Board's Conduct

Toronto, Canada, January 26, 2004 - Hollinger Inc. (TSX: HLG.C; HLG.PR.B;
HLG.PR.C) announced today that it had filed a motion in the U.S. District Court
for the Northern District of Illinois seeking to vacate aspects of a Court Order
that effectively limits its rights as a shareholder of Hollinger International.
The Order was sought by the U.S. Securities and Exchange Commission and
consented to by Hollinger International on January 16.

Hollinger Inc. said that the Order stripped Hollinger Inc. of some of its most
fundamental rights as a shareholder of Hollinger International, including input
into the selection and removal of directors, oversight of directors, and the
ability to protect its interests as a majority shareholder. Hollinger Inc. said
it was seeking to vacate only those aspects of the order that limits its rights
as a shareholder and was not seeking to vacate aspects of the Order that
maintain the special committee of the Hollinger International board of
directors.

Hollinger Inc. said that the Court was never informed of the impact that this
Order would have on Hollinger Inc.'s rights. Despite being the ultimate target
of the Order, Hollinger Inc. was given no notice of the Order or any opportunity
to be heard on it by the Court.

Further, there were no findings of wrongdoing, nor is Hollinger Inc. aware of
any evidence presented, to support the Order's severe constraints on shareholder
rights. Hollinger Inc. said that the disputed payments cited in support of the
Order were, in fact, approved, ratified, or otherwise legally justified.

Finally, Hollinger Inc. said that the Court Order improperly entrenched certain
members of the Hollinger International Board of Directors. Hollinger Inc. argued
that this was inappropriate, because, had the allegations made in support of the
Order been true - which they were not - then those directors of International
either approved of the transfers in question or failed to properly perform their
duties as directors.

Hollinger Inc.'s principal asset is its approximately 72.6% voting and 30.3%
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:
Jim Badenhausen                                      Peter G. White
212-484-7205                                         416-363-8721