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John W Kluge

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BUSINESS
May 21, 1988 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
Orion Pictures Corp., which produced the recent box-office hits "No Way Out" and "Robocop," will get a new majority owner in Metromedia Co. of Secaucus, N.J. Orion announced Friday that Metromedia has agreed in principle to purchase the Orion common stock and warrants that currently are controlled by Sumner M. Redstone, the chairman of Viacom International and its parent theater chain, National Amusements. The purchase price was $17 per share and $11 per warrant. The $78.
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BUSINESS
May 22, 1992 | DAVID WILLMAN, TIMES STAFF WRITER
John W. Kluge, reportedly America's richest man, has agreed to infuse cash and forgive debts owed him as part of a deal to help rescue foundering Orion Pictures from bankruptcy, according to people familiar with the proposal. Kluge, who already owns 68% of the studio's stock, has agreed to put up $25 million in cash and to write off $29 million owed him in connection with Orion's 1990 release of the film "Mermaids."
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BUSINESS
December 28, 1990 | ALAN CITRON, TIMES STAFF WRITER
In a development that points to further trouble at Orion Pictures Corp., the company has surrendered a sizable portion of the proceeds of one of its latest films to majority shareholder John W. Kluge and a partner in return for a $23-million investment. Under the deal, Kluge and Stuart Subotnick, executive vice president of Kluge's Metromedia Co., will apparently receive as much as 64% of certain studio proceeds from "Mermaids," according to a Securities and Exchange Commission filing.
BUSINESS
December 28, 1990 | ALAN CITRON, TIMES STAFF WRITER
In a development that points to further trouble at Orion Pictures Corp., the company has surrendered a sizable portion of the proceeds of one of its latest films to majority shareholder John W. Kluge and a partner in return for a $23-million investment. Under the deal, Kluge and Stuart Subotnick, executive vice president of Kluge's Metromedia Co., will apparently receive as much as 64% of certain studio proceeds from "Mermaids," according to a Securities and Exchange Commission filing.
BUSINESS
May 22, 1992 | DAVID WILLMAN, TIMES STAFF WRITER
John W. Kluge, reportedly America's richest man, has agreed to infuse cash and forgive debts owed him as part of a deal to help rescue foundering Orion Pictures from bankruptcy, according to people familiar with the proposal. Kluge, who already owns 68% of the studio's stock, has agreed to put up $25 million in cash and to write off $29 million owed him in connection with Orion's 1990 release of the film "Mermaids."
CALIFORNIA | LOCAL
April 30, 1987 | Associated Press
Businessman John W. Kluge has given $25 million to Columbia University for financial aid to minorities. The gift will establish the John W. Kluge Presidential Scholars, a program that will allow 60 to 75 needy minority students to attend the school each year.
BUSINESS
January 24, 1990
A group including John W. Kluge and Stuart Subotnick, who head Metromedia Inc., will boost its stake in Image Entertainment Inc., the Holywood movie producer, to 34.25% from 31.6%, according to a filing with the Securities and Exchange Commission.
BUSINESS
August 17, 1991 | From Times Staff and Wire Reports
Orion Terminates Exchange Offer: Orion Pictures Corp., as expected, said it has called off its exchange offer announced last May that sought to swap $385 million in debt for a new package of debt and stock securities. That plan had been superseded by Orion's announcement earlier in the week that it had reached a tentative agreement that would give noteholders 70% control of its common stock and require majority owner John W. Kluge to infuse $50 million into the company.
NEWS
September 9, 1987 | Associated Press
Columbia University, calling for "dramatic" action to increase the number of minority graduate students, announced today it will pay at least half their undergraduate loan debt if they go on to obtain doctorates. The program will be financed by a $25-million gift for minority scholarships from John W. Kluge, the chairman of Metromedia Inc., who graduated from Columbia 50 years ago on a four-year honor scholarship, the university said in a statement.
BUSINESS
May 21, 1988 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
Orion Pictures Corp., which produced the recent box-office hits "No Way Out" and "Robocop," will get a new majority owner in Metromedia Co. of Secaucus, N.J. Orion announced Friday that Metromedia has agreed in principle to purchase the Orion common stock and warrants that currently are controlled by Sumner M. Redstone, the chairman of Viacom International and its parent theater chain, National Amusements. The purchase price was $17 per share and $11 per warrant. The $78.
NEWS
April 20, 1993 | Associated Press
In the largest cash gift ever given to Columbia University, businessman John W. Kluge announced Monday that he has donated $60 million for a financial aid endowment for minority scholarships at Columbia College. Kluge, a 1937 graduate of the college, said he wanted to ensure that the college would continue to admit students regardless of their financial need, a policy the school has followed since the 1960s. Kluge is chairman of Metromedia Co.
NEWS
December 7, 2006 | From a Times staff writer
At a glamorous celebration in the Great Hall of the Library of Congress Tuesday night, two scholars were awarded the John W. Kluge Prize for lifetime achievement in the study of humanity. John Hope Franklin, 91, professor emeritus at Duke University, was honored for his pioneering study of African American history. Yu Ying-shih, 76, professor emeritus at Princeton, was honored for his breakthroughs in examining China's intellectual history.
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