1285

Metromedia, Inc.

Currency:USD Category:Coins & Paper Money Start Price:125.00 USD Estimated At:250.00 - 500.00 USD
Metromedia, Inc.

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Auction Date:2007 Feb 01 @ 10:00 (UTC-4 : AST/EDT)
Location:1580 Lemoine Ave., Suite 7, Fort Lee, New Jersey, 07024, United States
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The auction will take place in our new office at 1580 Lemoine Ave., Suite 7, Fort Lee, NJ 07024
1960-80's. Specimen. 9 different certificates. 5 have vignette of allegorical woman holding lyre with arm over flame. All certificates have facsimile signature of John W. Kluge as president. 1,2,3). < than 100 shs; 100 shs; and, Odd shs. Full frames in different colors. 4). Odd shs, Foreign Share Certificate, red. 5). Odd shs, Domestic Share Certificate, blue. 6). Warrant certificate, light brown. No vignette. 7,8,9). Odd shs, Common Stock; Class A Common Stock; and Preferred Stock. Guided by its founder and president, billionaire John W. Kluge, Metromedia has grown from a minor player in broadcasting to a major force in many areas of business. In 1959 Kluge delved again into the field of broadcasting, acquiring a minority interest in the Metropolitan Broadcasting Corporation (formerly the Dumont Broadcasting Corporation), taking control and changing the company's name to Metromedia in 1960. At its height, the company boasted television stations in many of the country's major media markets, including New York, Los Angeles, Chicago, Dallas, Boston, Houston, and Washington D.C. Metromedia business interests have included music publishing companies; recorded music; direct mail advertising; television production and syndication, including the syndication of the Merv Griffin Show; Playbill magazine; the Harlem Globetrotters; and the Ice Capades. In 1984 Kluge took the company private through a leveraged buyout of the company's stockholders, a maneuver that cost him $1.6 billion. Rare certificates, possibly first time seen. SCBNC, SC-USBNC. XF.