<!--[Cdata[
Faced with falling audience attendance and rising debt in the late 1950s, Fox president Spyros Skouras had no choice but to sell off big chunks of the studio lot. In 1960, he put 176 acres of Fox's northern property — real estate on L.A.'s Westside that William Fox had purchased in 1924 from silent-film star Tom Mix to house his Fox Film Corp. — on the auction block. The buyers: land investor William Zeckendorf and the Aluminum Company of America, who cut a check to Fox for $43 million ($366 million today) and then began demolishing ...
</!--[Cdata[...
Faced with falling audience attendance and rising debt in the late 1950s, Fox president Spyros Skouras had no choice but to sell off big chunks of the studio lot. In 1960, he put 176 acres of Fox's northern property — real estate on L.A.'s Westside that William Fox had purchased in 1924 from silent-film star Tom Mix to house his Fox Film Corp. — on the auction block. The buyers: land investor William Zeckendorf and the Aluminum Company of America, who cut a check to Fox for $43 million ($366 million today) and then began demolishing ...
</!--[Cdata[...
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