Conrad Black loses appeal

After being convicted last year on three counts of fraud and one count of obstruction of justice, media mogul Conrad Black has lost his appeal and will now have to serve the rest of his 6 1/2-year sentence in a Florida jail.

The Canadian Press reports that Black’s appeal lawyers said the team is “looking carefully at what our options are now” after the today’s court ruling.

Watch BNN’s Amanda Lang’s take on the ruling here.