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. Last Updated: 07/27/2016

Turner Eyes the Big Three

ST. PETERSBURG -- Turner Broadcasting System president Ted Turner said Monday he wanted to buy one of the three major U.S. broadcasting networks.


"It's very, very logical for us to be in that business," Turner told reporters at the Goodwill Games. "I can't set any timetable and I have nothing specific in the works now but I'm just expressing a desire." Asked about reports that he was planning to try to acquire CBS, Turner said "I can't comment directly on that. I think basically all three of them are available for the right deal."


Turner's Atlanta-based company is the leading U.S. supplier of entertainment and news programming for the cable television industry. Turner inaugurated the Goodwill Games in Moscow in 1986 to allow U.S. and Soviet athletes to compete with each other after successive Olympic boycotts.


Turner said acquiring either CBS, ABC or NBC would give TBS a broadcast network. "We would be in the same position that ABC is with ESPN (an American cable sports network) in sports. We would have both cable networks and broadcast networks and there is a lot of synergy," he said.