Conrad Black on 'A Matter of Principle'

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Conrad Black was once one of the most powerful men in the publishing business. He bought London’s Daily Telegraph newspaper in 1985 and eventually owned hundreds of newspapers throughout the U.S. and Canada. But all that changed in 2007, when a U.S. Circuit Court convicted Black of fraud and obstruction of justice. He was released from prison last year, midway through his six-and-a-half year sentence, after an appellate court dropped two charges against him. Then in June of this year, a Chicago court upheld two other charges of defrauding investors against Black, ordering him to return to prison for a 13-month sentence, which he began yesterday.

John Hockenberry spoke with Conrad Black before his most recent sentence began, about his new book, "A Matter of Principle."