David Holmes Black

Black was born in Vancouver, British Columbia[4] to Alan and Adelaide Black. He graduated from the University of British Columbia with a degree in civil engineering.[4] He then obtained his MBA at the University of Western Ontario.[4] After school, he briefly worked for Crown Life Insurance[4] in the early '70s.[5]

In 1973, Black was hired to work as a junior business analyst[6] in the acquisitions department[4] at Torstar, which publishes the Toronto Star newspaper.[6]

In 1975, Black purchased the Williams Lake Tribune of Williams Lake, British Columbia[4] for $60,000.[7] The paper had previously been owned since 1969 by his father Alan Black and the paper's publisher Clive Stangoe.[8]

Black operated the Tribune exclusively for four years until purchasing the husband-and-wife owned Ashcroft-Cache Creek Journal in nearby Ashcroft in 1979.[6] Black continued to purchase other newspapers over time and soon formed newspaper clusters around Victoria and Vancouver.

In 1991, Black formed Sound Publishing after he purchased three newspapers on the Kitsap Peninsula in the United States.[6] The subsidy has since managed all of his titles in Washington (state) and Alaska.

In 2001, Black purchased the Honolulu Star-Bulletin.[9] In 2010, Black purchased The Honolulu Advertiser[10] and merged the two Hawaiian papers together to create the Honolulu Star-Advertiser.[11][12][13] The paper is managed by a subsidy, Oahu Publications, along with all other publications Black owns in Hawaii.[14]

On September 19, 2002, Torstar announced it was investing $20 million to acquire a 19.35% share in Black Press. At that time Black Press published 88 newspapers and had 11 printing plants. Annual revues were $240 million.[15]

In 2006, the Black acquired 119,000-circulation Akron Beacon Journal in Ohio from Knight Ridder for $165 million.[7] Prior to buying the Akron paper, Black had bid unsuccessfully on two Philadelphia dailies and a group of weeklies published by the Boston Herald.[16] Black later sold the paper in 2018 to GateHouse Media and acquired the Juneau Empire and two other papers in Alaska from GateHouse.[17]

Black Press and Sound Publishing in 2009 had a collective annual revenue in the $500-million range, Black said in an interview.[18]

In 2011, Black was one of several newspaper industry veterans who joined together as investors in the San Francisco Newspaper Company to buy the former Hearst flagship The San Francisco Examiner. Media outlets initially reported the paper was purchased by Black's company Black Press, but Black only participated as a private investor and held shares in the Examiner separately from Black Press.[19]San Francisco Media Co., including the Examiner and SF Weekly, was sold to Clint Reilly Communications in 2020.[20]

In 2013, Black purchased The Everett Herald, a daily newspaper near Seattle. It had previously been owned for 35 years by the Washington Post Company.[21]

In March 2021, Black purchased Northern News Services Limited of Yellowknife, Northwest Territories, which publishes five newspapers in the Northwest Territories and two in Nunavut.[22]

On August 17, 2012, Black announced he is putting forth a proposal to build a $13.2 billion oil refinery in Kitimat with his company, Kitimat Clean Ltd.[23] The refinery would turn bitumen from the Alberta oil sands into solid pellets for shipment by train to the refinery north. At full capacity, 400,000 barrels of petroleum products would produced a day and hen be loaded onto tankers for shipment to markets globally.[24]

Black used his personal funds to pay for feasibility and environmental studies for the project.[25]

In March 2013, Black said he partnered with Oppenheimer Investments Group, a Switzerland-based firm, to raise the funds to proceed. At that time the original price tag of the refinery itself had risen to $16 billion due to switching to new technologies to reduce greenhouse gases. Other factors raised the total cost for the Kitimat Clean Refinery Project to $22 billion.[26]

In April 2013, Black said the Industrial and Commercial Bank of China had agreed to become an investor and financial advisor for the project.[27]

In 2016, Black submitted a 129 page project description to federal and provincial regulators for the environmental assessment process.[28][29] On October 2, 2016, the federal environmental assessment of the project was suspended at the request of the proponent.[30]

Black resides in Victoria, British Columbia.[1] In 1970, Black married Annabeth Cote.[31] The two first met while they were students at the University of British Columbia.[31] The couple had four children together: twin sons Alan and Fraser, and daughters Morgan and Catherine.[31] As of 2012, Black has nine grandchildren.[4] His wife Annabeth died of pancreatic cancer on August 23, 2006.[4] Black is a member of the Royal Vancouver Yacht Club and owns a boat called the Esperanza.[32]

Black is a supporter of the British Columbia Liberal Party[33] and has made top-tier donations to the centre-right provincial political party.[34]Between 2006 and 2011, Black Press contributed $5,430 to the BC Liberals.[35]