The talks could lead to a settlement between the two and head off any the threat of legal action to block the sale by Lord Black, who was last week given the go-ahead to launch his action by a Delaware court.
Central to the talks will be the $1.25bn (£690m) suit that has been brought against Lord Black by Hollinger, where he was formerly chairman and chief executive.
As well as the $1.25bn Hollinger suit, Lord Black has two of his own -- one alleging Hollinger International had libelled him, and a second seeking about $10m in unpaid fees for management services and $300m in damages because of Hollinger International's termination of his contract.
According to a report by Agence France-Presse, the talks have come around after Delaware judge Leo Strine gave the go-ahead after encouraging both sides to return to the negotiating table.
Sources quoted by AFP said that the new talks are the reason Lord Black had not filed a new lawsuit in an attempt to force Hollinger International to hold a shareholder vote on the deal to sell The Daily Telegraph, Sunday Telegraph and Spectator to Sir David and Sir Frederick Barclay.
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