News Brief
Turner Sells More AOL Shares
Feb 16, 2003, 12:00 AM
Ted Turner, AOL Time Warner Inc.'s largest individual shareholder, sold five million shares of the world's largest media company last week for about $51 million, according to a regulatory filing. The week before, Turner sold $20 million of AOL stock. The mogul has yet to decide whether he will stay on AOL Time Warner's board. Meanwhile, AOLTW executives are reportedly debating whether to drop "AOL" from the corporate name, as the world's largest media group tries to rebuild its business.
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