Conrad Black set to be freed 0
Conrad Black and his wife Barbara Amiel leave federal court in Chicago, June 24, 2011. (Reuters files)
Disgraced newspaper baron Conrad Black is reported to be released from a U.S. prison by the end of the week.
Black, 67, is finishing off a 42-month sentence at Coleman Federal Correctional Complex in Florida after being convicted in 2007 of one count of obstruction of justice and three counts of fraud.
The Federal Bureau of Prisons has Black's release date down as May 5 -- a Saturday -- so there's speculation he could be sprung from the minimum-security prison before the weekend.
Last year, his original 78-month sentence was knocked down to 42 months.
Black was convicted for his part in a scheme that saw Hollinger International, a company of which he was chairman and CEO, swindled out of $6.1 million.
He drew public outrage in 2001 for renouncing his Canadian citizenship to become a British peer -- Lord Black of Crossharbour -- and his Order of Canada honour is under review.
Earlier in April, the Supreme Court ruled Black could proceed with defamation lawsuits he's filed against Hollinger International defendants in Ontario.
The suits relate to statements in press releases issued on Hollinger International's website questioning the legitimacy of some payments made to Black.
It's not know where Black will live once he's out of jail.