Media Heavyweight Investor To Retire
Influential media investor Henry Crawford -- who has large holdings in Time Warner Inc, News Corp, Comcast and DirecTV -- will be retiring at the end of the year, according
to a source cited by Ronald Grover.
"Investors often look to the low-key but hard-hitting senior vice-president of Capital Research and Management Co in Los Angeles, which as of its latest filing owned $12.3 billion of media stock, as a financial bellwether," writes Grover. "His departure will be most felt by the media moguls he counseled" -- like Ted Turner, whom he advised to sell Turner Broadcasting in 1996 to Time Warner.