Young entrepreneurs should spend an awful lot of time thinking about what they want to go into.
John Kluge Quotes
The last thing you want to do, unless it's a very unusual situation, is to invest money.
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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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