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TURNER BROADCASTING DECLARES CASH DIVIDEND

 ATLANTA, Sept. 17 /PRNewswire/ -- The board of directors of Turner Broadcasting System, Inc. (AMEX: TBS), acting through its finance committee, today declared a cash dividend upon the company's outstanding shares of Class A Common Stock and Class B Common Stock, to be payable at the rate of $0.0175 for each share held of both classes.
 In addition, holders of the company's outstanding Class C Convertible Preferred Stock will be entitled to an equivalent cash dividend ($0.105 for each share held), based on the number of shares of Class B Common Stock which are receivable upon conversion of each share of Class C Convertible Preferred Stock. The cash dividend will be payable on Oct. 15 to shareholders of record at the close of business on Oct. 1.
 -0- 9/17/93
 /CONTACT: Kitsie Riggall of Turner Broadcasting, 404-827-1825/
 (TBS)


CO: Turner Broadcasting System, Inc. ST: Georgia IN: ENT SU: DIV

RA-BN -- AT005 -- 3126 09/17/93 13:48 EDT
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Publication:PR Newswire
Date:Sep 17, 1993
Words:160
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