While Rupert Murdoch and Silvio Berlusconi cede ever more power to their youthful sons, Teuton maven Leo Kirch is making his unlikely comeback without son Thomas.
Fallen Teutonic TV topper Leo Kirch's son Thomas has been formally asked to return unpaid loans worth E150 million ($170 million) to the bankrupt Kirch Media.
The Kirch Group's loss-making pay TV unit Kirch Pay TV filed for insolvency Wednesday, five weeks after sister division Kirch Media.
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Germany's financially troubled media giant Kirch Group inched closer to the brink Wednesday -- it needs $200 million immediately or face bankruptcy in the coming days.
A group of creditor banks is stripping Leo Kirch of his once-mighty empire, but the feisty 75-year-old media baron is battling to keep some of his company jewels, particularly World Cup soccer.