Advertisement
YOU ARE HERE: LAT HomeCollectionsMetromedia International
IN THE NEWS

Metromedia International

FEATURED ARTICLES
BUSINESS
September 1, 1994 | JAMES BATES, TIMES STAFF WRITER
Billionaire John Kluge is folding his ailing Orion Pictures and two other media companies into Atlanta-based holding company Actava Group to create a global media, entertainment and telecommunications company. The new company, Metromedia International, is being put together via a complicated four-way stock swap worth about $1 billion and positions Kluge to again be a major force in media and entertainment.
ARTICLES BY DATE
BUSINESS
October 3, 2006 | From Bloomberg News
Metromedia International Group Inc., the media company controlled by 92-year-old billionaire John Kluge, said Monday that it was in talks to sell assets and might shut down. The company received a $480-million bid for Magticom Ltd. and its other holdings in the republic of Georgia from investors including Dubai-based Istithmar, Metromedia International said. The Charlotte, N.C.-based company said it would shut down after a court-supervised auction if it reached a deal to sell the assets.
Advertisement
BUSINESS
November 2, 1995 | Times Staff and Wire Reports
Actava Completes Merger With 3 Kluge Firms: Shareholders of Actava Group and three media and telecommunications concerns controlled by billionaire John Kluge completed their four-way stock swap, creating a $1-billion company. Shares in the new Metromedia International Group will begin trading today on the New York Stock Exchange.
BUSINESS
December 6, 1996 | Times Staff and Wire Reports
Metromedia International Group Inc. Chief Executive Jack Phillips abruptly resigned from the movie studio and telecommunications company controlled by billionaire John Kluge. Phillips, who also stepped down as a member of the company's board, said he was leaving to pursue other business opportunities. Analysts said Phillips bolted because his control of the sprawling company was dwindling and he was left with few responsibilities.
BUSINESS
October 3, 2006 | From Bloomberg News
Metromedia International Group Inc., the media company controlled by 92-year-old billionaire John Kluge, said Monday that it was in talks to sell assets and might shut down. The company received a $480-million bid for Magticom Ltd. and its other holdings in the republic of Georgia from investors including Dubai-based Istithmar, Metromedia International said. The Charlotte, N.C.-based company said it would shut down after a court-supervised auction if it reached a deal to sell the assets.
BUSINESS
December 6, 1996 | Times Staff and Wire Reports
Metromedia International Group Inc. Chief Executive Jack Phillips abruptly resigned from the movie studio and telecommunications company controlled by billionaire John Kluge. Phillips, who also stepped down as a member of the company's board, said he was leaving to pursue other business opportunities. Analysts said Phillips bolted because his control of the sprawling company was dwindling and he was left with few responsibilities.
BUSINESS
November 27, 2002 | From Bloomberg News
Metromedia International Group Inc. said it informed the Justice Department and the Securities and Exchange Commission that some personnel engaged in conduct that may have violated U.S. and foreign laws. Metromedia, a telephone and cable system operator, said the conduct involved former states of the former Soviet Union. The activity may have violated the Foreign Corrupt Practices Act, Metromedia said, without providing details.
BUSINESS
January 23, 1997
Occidental Petroleum Corp. director John Kluge, the billionaire who heads Metromedia International Group Inc., bought $24 million in Oxy stock in early December just as the shares approached an 11-month low. His purchases of 1 million shares at about $24 each give him 0.31%, or 1.02 million shares, of the L.A. company's stock. Ahead of him is Chairman Ray Irani, who has about 1.6 million shares. Oxy shares rose 12.5 cents Wednesday to close at $26.25 on the NYSE.
BUSINESS
December 6, 1996
Metromedia International Group Inc. Chief Executive Jack Phillips abruptly resigned from the movie studio and telecommunications company controlled by billionaire John Kluge. Phillips, who also stepped down as a member of the company's board, said he is leaving to pursue other business opportunities. Analysts said Phillips bolted because his control of the sprawling company was dwindling and he was left with few responsibilities.
BUSINESS
November 2, 1995 | Times Staff and Wire Reports
Actava Completes Merger With 3 Kluge Firms: Shareholders of Actava Group and three media and telecommunications concerns controlled by billionaire John Kluge completed their four-way stock swap, creating a $1-billion company. Shares in the new Metromedia International Group will begin trading today on the New York Stock Exchange.
BUSINESS
September 1, 1994 | JAMES BATES, TIMES STAFF WRITER
Billionaire John Kluge is folding his ailing Orion Pictures and two other media companies into Atlanta-based holding company Actava Group to create a global media, entertainment and telecommunications company. The new company, Metromedia International, is being put together via a complicated four-way stock swap worth about $1 billion and positions Kluge to again be a major force in media and entertainment.
Los Angeles Times Articles
|