Ted Turner says he sold all Time Warner stock
Ted Turner said he sold all of his stock in Time Warner Inc., a year after leaving the media company’s board.
Turner, who had 31.3 million shares as of May, stepped down as a director last year, a decade after selling CNN and other cable networks he created to Time Warner. He was Time Warner’s largest shareholder in 2000, when it agreed to be bought by AOL. The stock lost more than half its value in the next three years.