Monday, April 15, 2024

Barbara Walters’ Millionaire Ex Husband Now Lives in a 500 Square Foot Apartment

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Wow! I am really fascinated by Merv Adelson, the man behind “Dallas” and “Knots Landing,” and who was briefly the husband of Barbara Walters. In the new Vanity Fair, Bryan Burrough writes a cool piece about Adelson, who now lives in a 500 square foot apartment in Santa Monica. He used to be the King of TV. Adelson created Lorimar Pictures, which produced those aforementioned shows and “Falcon Crest.” They also produced Valerie Harper’s ill fated sitcom, fired her, and lost a major lawsuit she filed against them.

Adelson sold the company to Warner Communications, Burrough says, for $1.2 billion in stock. When Warner became Time Warner and then AOL Time Warner, Adelson saw his stock plunge from $58 a share to $7 a share. He lost $141 million, and wound up with nothing. On top of that, thereĀ  were also persistent rumors about his Mob ties. Those rumors helped end his short marriage to Barbara Walters, who was embarrassed about Merv flying mobsters to Rancho La Costa Spa in Arizona on his private plane. You can read about it at here.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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