Young entrepreneurs should spend an awful lot of time thinking about what they want to go into.
John Kluge Quotes
Go into something because you really like it, and then do it with a drive and enthusiasm so that it isn't work.
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| Birth: | 21st September, 1914 |
| Death: | 7th September, 2010 |
| Nationality: | American |
| Profession: | Businessman |
About
John Werner Kluge was born in Chemnitz, Germany. He was an American businessman. He was best known as a television industry mogul in the United States. He earned a BA degree in economics from Columbia University in 1937. He began building his media empire by acquiring radio stations in major cities such as Dallas, Pittsburgh, and St. Louis; he also purchased, for $4 million, the Paramount stock in the Metropolitan Broadcasting Co., which he later renamed Metromedia. He made a profit by keeping operating expenses low and by broadcasting old TV sitcoms and B movies. In 1984 he privatized the company and shortly thereafter sold his TV stations to Rupert Murdoch for some $2 billion, giving rise to the FOX network. In his later years he donated much of his fortune to numerous charities, including more than $500 million to Columbia.
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