WOW Ted Turner sells 450.000 shares of AOL @$11-11.26. Is this taking a bath or what. What a time to sell. IMO CNN is getting more boring by the hour. They keep hiring 'have beens' from other channels. They are going to drive AOL into the earth.
He promised to donate $1,000,000,000 to UN. This is a huge obligation. As the largest landowner in the States, he has been using his land to protect the endangered species. He may really need to sell some stocks now.
AOL is loosing huge money of Time Warner assets. The board is considering of kicking out Ted who set up AOL Time merger.