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TBS Ordered To Pay $281M Over Atlanta Sports Sale: "This Jury Proved It Was Not The World According To Turner"

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Bloomberg   |  Jeff Feeley and David Beasley   |   December 10, 2008 08:01 AM

Read More: Atlanta Thrashers, Atlantha Hawks, David McDavid, Tbs, Ted Turner, Time Warner, Media News

Dec. 9 (Bloomberg) -- A Time Warner Inc. unit must pay $281 million in damages to a Texas businessman for reneging on an oral agreement to sell him two professional sports teams, a Georgia jury ruled.

Jurors in Atlanta found today that Turner Broadcasting System improperly canceled a 2003 accord to sell the National Basketball Association's Atlanta Hawks and the National Hockey League's Atlanta Thrashers to David McDavid, a former Dallas car dealer. The teams wound up in the hands of an Atlanta-based group of investors that included the son and son-in-law of TBS's billionaire founder, Ted Turner.

"It wasn't about the money, it was the principle," McDavid, 66, said in an interview following the verdict. "This jury proved it was not the world according to Turner."

Read the whole story here.

Dec. 9 (Bloomberg) -- A Time Warner Inc. unit must pay $281 million in damages to a Texas businessman for reneging on an oral agreement to sell him two professional sports teams, a Georgia jury ruled...
Dec. 9 (Bloomberg) -- A Time Warner Inc. unit must pay $281 million in damages to a Texas businessman for reneging on an oral agreement to sell him two professional sports teams, a Georgia jury ruled...
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- stockholder5 I'm a Fan of stockholder5 permalink

He sucked big time on o'reilly last night!

    Favorite    Flag as abusive Posted 02:41 PM on 12/10/2008
- FreedomAgain I'm a Fan of FreedomAgain permalink

I don't always agree with Ted, but I always like to hear his opinion.

    Favorite    Flag as abusive Posted 01:39 PM on 12/10/2008
- quantumspin I'm a Fan of quantumspin permalink

I wish Ted would buy CNN back, fire the entire staff and reboot as an actual news network.

    Favorite    Flag as abusive Posted 01:04 PM on 12/10/2008
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