Turner Sells More AOL Time Warner Stock
From Bloomberg News
Ted Turner, AOL Time Warner Inc.’s biggest individual investor, continued to pare his stake in the company, selling as much as $5.09 million of the shares last week.
Turner is on a program that calls for him to sell $5 million worth of AOL Time Warner stock each month. He has accelerated that schedule since announcing he will quit as AOL Time Warner’s vice chairman, disclosing a $50-million sale Feb. 14.
Shares of AOL Time Warner slipped 16 cents to $10.27 on the New York Stock Exchange.
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