The risk-taking entrepreneur took the two TV stations that were the flagships of the DuMont network and two radio stations and turned them into a media empire, although when it came to a fourth TV network he couldn't pull the trigger (but when he sold his stations to Rupert Murdoch, Murdoch did):
http://www.nytimes.com/2010/09/09/business/media/09kluge.html?_r=1&pagewanted=all By selling those stations and liquidating the rest of Metromedia in 1985 (Westinghouse bought the bulk of the radio stations, and today most of them are owned by CBS), Kluge became the richest man in America--until Sam Walton came along. Kevin would want me to point out that he made most of Metromedia's FM stations (like KMET in LA) progressive rock and supported their distinctive point of view, even if the stations became more formatted as the years went on. -- TV or Not TV .... The Smartest (TV) People! You received this message because you are subscribed to the Google Groups "TV or Not TV" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/tvornottv?hl=en
