Harry Sloan heads MGM.(FAST TRACK)(Brief Article)

Broadcasting & Cable, October, 2005 by Brown, Joel

Harry E. Sloan has been named chairman/CEO of the newly reconfigured MGM. He oversaw the $2.6 billion sale last month of SBS Broadcasting, the European media company he founded in 1990 and most recently served as executive chairman. Sloan, 55, who also helped build Lions Gate Entertainment and New World Entertainment through his investments and serves as a member of MGM's board of directors, will invest in the slimmed-down studio and become part of the ownership group.

That group comprises four private-equity firms and two media companies: Providence Equity Partners (29%), Texas Pacific Group (21%), Sony (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%).