Ted Turner says he's not able to buy back CNN
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Posted 4:48PM on Tuesday 4th February 2003 ( 22 years ago )
NEW YORK - CNN founder Ted Turner says he doesn't have the money to buy the network back from AOL Time Warner. <br>
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Turner resigned as vice chairman of the AOL Time Warner board last week and is said to be dissatisfied with how the network is being run. He told CBS News's ``60 Minutes Two'' that the company's tumbling stock cost him between seven and eight billion dollars. <br>
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Turner also said he was opposed to a potential merger of CNN with the Walt Disney Company's ABC News. Those merger talks have taken place in recent months but have stalled. <br>
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The interview is scheduled to be broadcast Wednesday.
http://accesswdun.com/article/2003/2/184047
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