Ted Turner Bids Fond Farewell to Time Warner

23 May 2006

    NEW YORK - Ted Turner (67), the colourful media tycoon whose belief in cable television and 24-hour news changed the TV landscape - formally stepped down from the Time Warner board at Friday's annual meeting.
    Quoting the legendary broadcaster Ed Murrow, Turner bid his shareholders and colleagues "Good night and good luck".
    He remains TW's largest individual stockholder, owning 33 million shares and now plans to devote much of his time to his work with the United Nations, to which he donated $1 billion in 1997.