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Ronald Owen Perelman (born January 1, 1943) is an American investor who made his fortune buying beleaguered corporations and re-selling them later for enormous profits. He has invested in grocery, cigar, licorice, makeup, car, photography, television, camping, security, lottery, jewelry, banks, and comic book companies.In 1989, Perelman went back and bought New World Entertainment, the former parent company of Marvel, and then Four Star International. In 1993, Perelman acquired three major entities: SCI Television for $120 million plus $730 million in assumed debt, with seven television stations included in the deal; Genesis Entertainment, and Guthy-Renker. In late 1993, he reorgnanized all of the above-mentioned companies into a single corporation called New World Communications. In 1994, Perelman bought four more stations from the Great American Communications Company for $360 million and four more from Argyle Television Holdings for $716 million. His purchases set the stage for the Fox affiliate switches of 1994 in which Ronald Perelman rewrote the rules for how television affiliates operated and helped establish Fox as a force to be reckoned with. Naturally, Ronald took home a tidy profit: In two deals in 1994 and 1996, Rupert Murdoch bought complete control of New World Communications for $3 billion. One of New World's most successful television series during Perelman's ownership of the company was The Wonder Years, and actor Dan Lauria stated in a 2007 radio interview that he blames Perelman's management of the company, not network ratings, for being the reason the popular series was canceled a year earlier than it was originally intended to end.Ronald Perelman gives extensively to charity - he is consistently one of the world's top philanthropists, and has donated well over $200 million to charitable causes since 2002 alone.You are not allowed to view links. Register or Login
Hi Sheila, so glad you got over the shyness and posted. I had not heard of that movie before, Great find. Applehead? Sounds like we need to take a closer look at this one.
Quote from: "RK"Hi Sheila, so glad you got over the shyness and posted. I had not heard of that movie before, Great find. Applehead? Sounds like we need to take a closer look at this one. :shock: Ditto!!!
December 7, 2007
