TL mocked, and Conrad sued -- for $2.1 million. But now he's settling for what is no doubt a heartfelt apology.

An excerpt from the Toronto Star story:

Embattled media baron Conrad Black has agreed to settle a $2.1 million defamation lawsuit filed against Toronto Life magazine after the publication this month printed an apology.

In a lawsuit filed in September, Black alleged that a satirical July story depicted him as "so irredeemably evil that he should be consigned to Hell."

Black demanded $2 million for general and aggravated damages for defamation and $100,000 in punitive damages.

Toronto Life's one-paragraph apology appeared in its February issue.

"Toronto Life did not intend in this article and illustration to question Lord Black's observance of the Roman Catholic faith. Toronto Life accepts and recognizes without reservation or qualification that Lord Black is an observant Roman Catholic. Toronto Life apologizes to Lord Black for the pain that the article and illustration have caused him," the apology said.

Lawyers for Black and Toronto Life confirmed the lawsuit has been settled. Toronto Life editor John Macfarlane said the magazine didn't pay Black as a result of the settlement.