Ted Turner Retires

CNN founder and media mogul TED TURNER has decided to step down from his role on the board at Time Warner.

The 67-year-old, who founded the Cable News Network in 1980 and merged his company Turner Broadcasting with Time Warner in 1995, will leave the board in May instead of standing for re-election.

He said, "It is after much deliberation that I have decided not to stand for re-election at the annual meeting.

"I have enjoyed working with (TW chairman and CEO) DICK PARSONS, as well as the other board members and the management team.

"I wish Dick and the company every success."

Parsons paid tribute to Turner's career, saying, "He is a visionary leader who has made an extraordinary contribution to this company and, indeed, to the world at large."

A spokesman explained the billionaire and ex-husband of actress JANE FONDA plans to focus his attention on philanthropic projects and his growing restaurant business.


Contactmusic

Tags: CNN - Ted Turner - CEO - Dick Parsons - Jane Fonda


Advertisement

Editors Recommendations

The Sound Of Seattle: Budweiser Made In America See How Music Has Changed In The Noisy City

Seattle has one of the most legendary music scenes in America so...

The Sound Of Seattle: Budweiser Made In America See How Music Has Changed In The Noisy City

Benedict Cumberbatch Stuns as Alan Turing in 'The Imitation Game' Trailer

It appears Benedict Cumberbatch has thrown his hat in the ring for...

Benedict Cumberbatch Stuns as Alan Turing in 'The Imitation Game' Trailer

The Hunger Games: Mockingjay Part 1 - 'Mockingjay Lives' Teaser Trailer

Following Katniss Everdeen's escape from the catastrophic...

The Hunger Games: Mockingjay Part 1 Trailer

Guess Which Insects Have Killed the George Harrison Memorial Tree?

A tree planted in tribute to former Beatles guitarist George Harrison has...

Guess Which Insects Have Killed the George Harrison Memorial Tree?

'Fargo' Creator Noah Hawley Teases Season 2 Plot At TCA Press Tour

After Fargo’s very definitive season finale (don’t worry, this article...

'Fargo' Creator Noah Hawley Teases Season 2 Plot At TCA Press Tour

Young Rising Sons - High (Acoustic)

New Jersey band Young Rising Sons perform a stripped down acoustic cover of their single 'High'...

Young Rising Sons - High (Acoustic) Video
Advertisement

Star Wars Episode VII: J.J. Abrams Performs an X-Wing Ship Tease While Plot Rumors Abound

J.J. Abrams has been incrementally dripping visual information regarding...

Star Wars Episode VII: J.J. Abrams Performs an X-Wing Ship Tease While Plot Rumors Abound

It's Official: Chuck Palahniuk is Working on 'Fight Club 2'

18 years since Fight Club ripped up the rule book for modern day...

It's Official: Chuck Palahniuk is Working on 'Fight Club 2'

Jamie N Commons - Jungle (Acoustic)

Jamie N Commons' new single with X Ambassadors - 'Jungle' - has been inescapable with it's...

Jamie N Commons - Jungle (Acoustic) Video


More recommendations

Advertisement

Comments

CNN Newsletter

Subscribe to this news alert service to receive news and reviews on CNN

Unsubscribe | Unsubscribe All