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Time Warner Pays Tribute to Turner

5/19/2006 6:03 AM Eastern

Time Warner Inc. devoted the early part of its annual meeting of shareholders in Atlanta Friday to former vice chairman and cable pioneer Ted Turner, presenting a video of Turner’s accomplishments ranging from the creation of TBS Superstation to CNN. Turner -- who said in February that he would not seek re-election to Time Warner’s board of directors -- kept his comments at his last shareholders’ meeting uncharacteristically brief.

After Time Warner chairman Richard Parsons read a pronouncement from the board praising Turner’s accomplishments, Turner took the stage, first thanking all of the people who helped to put together the five-minute video tribute.

“I have been with the company and its successors for 55 years now,” Turner said. “I just wished that the last five years, I could have made a bigger contribution. I didn’t have that opportunity, unfortunately, but I hung in there as long as the company, I felt, needed me -- until the class-action lawsuits and the antitrust problems were resolved.”

He continued, “I’ve done my best and, like Edward R. Murrow said in that great Warner Bros. movie that was just released a month ago, good night and good luck.”

September