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Early analysis of Conrad Black's bail hearing

Conrad Black leaves the Dirksen U.S. Courthouse after being sentenced to 78 months in prison Monday, Dec. 10, 2007, in Chicago.

Phil Velasquez

Conrad Black was released from jail in Florida on Wednesday. In a bail hearing in Chicago earlier in the day, Judge Amy St. Eve set his bail at $2-million (U.S), which is secured by Lord Black's business friend, Roger Hertog.

Lord Black will appear before Judge St. Eve Friday afternoon to present a report on his finances.

Until then he is not allowed to leave the United States.

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Read more about Conrad Black's release



Lord Black was granted bail Monday by a federal appeal court while it reviews his convictions for fraud and obstruction of justice.

Globe and Mail reporter Paul Waldie was at the hearing in Chicago. Laura Blenkinsop from Reportonbusiness.com reached him by phone immedately after the hearing.













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