Leo Kirch the once all powerful mogul of German media, has died aged 84. At the height of his success in the 1990s, Kirch headed Germany’s second-largest media company, after Bertelsmann.

Kirch created a $5 billion empire that included television channels, movie rights and a stake in Formula 1 car racing. But the group unravelled when an expensive foray into digital pay television failed to pay off. The Kirch group was forced to file for bankruptcy in 2002.

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