You've Got Another Nail in the Coffin: AOL Loses Turner

Following Chairman Steve Case's departure at the beginning of the year, Ted Turner has resigned from AOL-Time Warner.rnrn

The new media dynamo with his feet planted firmly in old media soil, Turner had found himself marginalized with AOL's acquisition of Time Warner, and with yesterday's announcement that AOL was dumping its stake in Hughes, decided it was time to go.rnrn

AOL-Time Warner lost $98.7 billion last year on $41.1 billion in income.rnrn

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