While AOL Time Warner Inc. said flatly that Cable News Network isn't for sale, some on Wall
Street suggested that a sale would be a more viable option now that CNN founder Ted
Turner has effectively left the building.
"He's really not around to wage a holy war in favor of keeping it," one observer offered.
But that conventional wisdom defies history.
Back in 1984, Turner offered to sell one-half of both CNN and CNN Headline News to
RCA for $250 million, according to a source who was involved in the talks.
RCA passed, the source said, because it couldn't justify paying more than
That seems like chump change today given some estimates that CNN could fetch $8
"It was one of those strategic decisions that made RCA what it is today," the
source said -- defunct, that is.