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DRUDGE REPORT 2003®

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XXXXX DRUDGE REPORT XXXXX MON JAN 13, 2003 17:37:05 ET XXXXX

TED TO THE RESCUE?

Odd man out since the merger, could mediamaverick Ted Turner now be named Chairman of AOLTIMEWARNER?

"I have no idea," Turner says in coming editions of the ATLANTA JOURNAL-CONSTITUTION.

"Nobody has talked to me about it," said Turner, a co-vice chairman of the AOL Time Warner board. "I'm not running for anything, unlike Gephardt or Lieberman."

But Turner's status as the father of CNN and a business legend might boost his chances.

"I've had an incredible life for the most part. I made a lot of smart moves, and I made a lot of money," Turner said. "Then something happened, and I merged with Time Warner, which looked like the right thing to do at the time. And it was good for shareholders.

"But then I lost control. I thought I would have enough moral authority to have all the influence in the new company. If you go into business, be very careful with whom you merge. I thought I was buying Time Warner, but they were buying me. We had kind of a difference in viewpoint. "Then they merged with AOL, and that was a complete disaster, at least so far. I have lost 85 percent of my wealth."

Developing...



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