Time Warner is selling the Atlanta Braves
February 13, 2007 at 10:37 PM
Time Warner Inc. is selling the Atlanta Braves to Liberty Media, owners of the Discovery Channel, USA, QVC, Encore, and STARZ. Great news for Braves' fans as Time Warner's financial troubles since the AOL merger in January 2000 resulted in a reduction of payroll being forced on general manager John Schuerholz.
Odd deal that has Time Warner will handing over the Braves, a group of craft magazines, and $1 billion in cash to Liberty Media in exchange for about 60 million shares of Time Warner.
Posted in Sports
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