German media mogul
Leo Kirch, 84, who turned his one-man film distribution company into Germany's second-biggest media business before losing control of it after a gamble on pay television, died Thursday in Munich. His family did not give the cause, but Kirch had suffered from diabetes and near-blindness for several years.
At its height, Kirch's media group was valued at $5 billion. It held Germany's biggest film-licensing library, the nation's only pay-television channel and rights to two World Cup soccer tournaments. When Kirch resigned, his companies were under...