Lord Black of Crossharbour, who is chairman of Hollinger, said in an interview that financial problems at Hollinger would not lead to any divestments.
Earlier this week, Hollinger said that it still needed financial support from Lord Black's privately run management company, Ravelston, to fund certain obligations, citing a $15m (£9.56m) funding shortfall.
Hollinger said if it could not plug this hole, it may have to sell off assets. In addition, Hollinger might owe CanWest Global Communications a further $46.8m, relating to the $3.2bn deal that saw CanWest buy Hollinger's Canadian newspapers.
In its results earlier this week, Hollinger said that certain amounts, particularly some relating to closing adjustments and totalling $46.8m, are currently in dispute.
Hollinger said if the disagreements could not be worked out, it might end in the matter being referred to a court.
Lord Black has stated that, if need be, he will provide the money himself. He told The Independent: "I could manage $15m myself, hell I could manage $50m."
Lord Black has been under consistent pressure in the last few weeks from investors, led by Tweedy Browne.
Investors are angry about the way the company is run and have criticised Lord Black and Hollinger for the misappropriation of funds, including paying millions of dollars in bonuses to top executives and most recently the use of $8m of Hollinger cash to buy research documents relating to Franklin Delano Roosevelt for use in Lord Black's book on the former US president.
This has led to increased speculation that assets, which also include Chicago Sun-Times, Jerusalem Post and the Telegraph Group could go.
However, yesterday Lord Black said: "Sell The Telegraph? Why in God's name would I do that? Absolutely no, not now, not ever, it's out of the question. You can not be serious," he said.
Lord Black had defended his running of Hollinger and dismissed allegations of inappropriate use of funds, telling The Independent: "No impropriety has been committed by anyone. There is this post-Enron rush to judgment. Where's the story? It's just the financial press saying 'hallelujah' another one's going down. Well, boys, sorry, it's not going to happen."
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