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"CNN founder Ted Turner announced today he is leaving his position as vice chairman of troubled media conglomerate AOL Time Warner in May. The company announced today it took a $44.9bn loss in the fourth quarter of 2002. The official line is that Turner is leaving to concentrate on new &amp;quot;socially responsible business efforts&amp;quot;. The man who turned the &amp;quot;Chicken Noodle Network&amp;quot; into what was for a time the dominant force in US cable news, until Fox News usurped the number one spot in ratings, said in his resignation letter: &amp;quot;Over the past five years, it has become even clearer to me how much personal satisfaction I derive from these activities. Therefore, I would like to now devote even more time, effort and resources to them.&amp;quot; In reality however, Turner has been slowly but surely pushed out of his various roles in Time Warner and latterly AOL Time Warner ever since selling his flagship Turner Broadcasting System, which included CNN and the TBS Superstation - the UHF station, WTBS-Atlanta that Turner grew into a massive cable operation, to Time Warner in 1996 for around $7.6bn - an action that he later said was &amp;quot;the biggest mistake I ever made&amp;quot;. Since that time, he was shunted out as the head of TBS, lost control of the network he founded with Reese Schonfeld, CNN, and was installed in a Vice Chairman position in the new AOL Time Warner - an advisory role at best. It seems likely that Turner, now tired of being shunted out of the networks he founded, has given up - despite much speculation in the US press that he could have replaced Steve Case as AOLTW chairman or even swoop in back at the top of CNN following CNN chief Walter Isaccson&amp;#039;s resignation. Ultimately those jobs went to Richard Parsons and Jim Walton respectively. AOLTW CEO Richard Parsons said in a written statement: &amp;quot;Ted&amp;#039;s leadership role in the formation of global media in general and AOL Time Warner in particular is uniquely significant. His values of journalistic independence and public service are a permanent part of who we are and what we do.&amp;quot; "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tv/ustv/news/a10201/ted-turner-quits-as-aoltw-vice-chairman/>