Time Warner purchased Turner Broadcasting in 1996. Ted Turner, still a major executive at the television network, played a key role in Time Warner’s 2000 merger with AOL — a deal that later unraveled and became one of the most notorious corporate failures in history.
Turner, Time Warner’s largest individual shareholder, lost billions as the company collapsed during the dot-com bust.
“I lost Jane. I lost my job here. I lost my fortune, most of it. Got a billion or two left,” he told CNN.
Source:
www.businessinsider.com
