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 NEW YORK (AP) - Ted Turner, the mercurial media visionary who founded CNN, said Friday that he wouldn't seek re-election to the board of Time Warner Inc.
Turner, who is 67, became a director of Time Warner in 1996 when the media conglomerate bought his cable networks company Turner Broadcasting Systems. He long held a prominent role in guiding Time Warner's affairs, but in recent years complained of being sidelined.
Turner has increasingly turned his time and energy toward philanthropic efforts, which include overseeing an eponymous environmental foundation and his large land holdings. At 1.7 million acres, these make him the largest individual property owner in the United States.
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