On Thu, Sep 9, 2010 at 9:42 AM, Mark J. <[email protected]> wrote:
> 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. > I received two emails on this same subject within the same hour - the hours from the Columbia University Parent's E-Newsletter, which wrote: "John W. Kluge ’37, the billionaire businessman who was one of Columbia’s most generous benefactors and who founded the Kluge Scholars Program that benefitted hundreds of current and former College students, died on Tuesday evening, September 7. He was 95. Born on July 21, 1914, in Chemnitz, Germany, Kluge immigrated when he was 8, grew up in Detroit and earned a scholarship that allowed him to attend the College. “If it hadn’t been for Columbia, my path would have been entirely different in life,” Kluge said at a celebration of his 90th birthday in Low Library. “Columbia gave me an opportunity, and the only way you can really repay that opportunity is for you to help someone else.”" -- 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
