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Time Warner/TBS Have To Pay $281 Million To Some Guy Named David McDavid

Posted by Jake Kalish

Why exactly would anyone pay this guy so much money mcmoney? Find out, after the jump.

As if the TV business wasn't bad enough, Time Warner has to pay $281 million to a Dallas car dealer named David McDavid because TBS -- formerly owned by crazy billionaire Ted Turner -- reneged on a 2003 oral agreement to sell the NBA's Atlanta Hawks and the NHL's Atlanta Thrashers to him. After months of negotiations, and a deal in place, Turner said never mind, and then sold for the exact same price to a group of investors headed by his son and son-in law. Anyway, the $281 million "our bad" represents about 6% of Time Warner's 2007 net income.

We like this, mostly because this guy's name is David McDavid, and he overcame his "Boy Named Sue" lot in life to become a wildly successful businessman, and then stick it to Ted Turner. Plus, unlike The Boy Named Sue, he named his son David McDavid Jr. Well, if there wasn't already, now there's enough dough for David McDavids III-X, at least.


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About Jake Kalish

Jake Kalish is the author of Santa vs. Satan: The Official Compendium of Imaginary Fights https://www.amazon.com/Santa-vs-Satan-Compendium-Imaginary/dp/0307406709/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1208807460&sr=8-1

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Lindy Parker has worked as a ghostwriter, editor, dance instructor and a purveyor of dreams, one beer at a time. She loves Charles Dickens and Gabriel Garcia Marquez and also, straight-to-video releases with Mary-Kate and Ashley Olsen. It's possible she reads more teen fiction than she should. She hails from Los Angeles, her hometown and soul mate, but she lives in Brooklyn, the fling she'll never forget.

Olivia Purnell left Ohio for sunny Los Angeles; then found that she couldn’t ignore New York City’s call, and brought herself to Brooklyn where she has worked with GenArt, BlackBook, the School of American Ballet, and finished an M.A. in Creative Writing from N.Y.U. She loves one-liners with sting and hates the stench of the subway in the summer. That said, she can’t get enough of either.

Jake Kalish is a freelance journalist and humorist whose work has appeared in Details, Maxim, Stuff, New York Press, Spin, Blender, Men's Fitness, Poets and Writers, and Playboy, among other publications. He is also the author of Santa vs. Satan: The Official Compendium of Imaginary Fights.

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Ben Kallen is an entertainment, health and humor writer who's been lectured to by Sidney Poitier, argued with by Lea Thompson and smiled at by Jennifer Connelly. He's the coauthor of The No S Diet and author of The Year in Weird, along with hundreds of magazine articles. He lives near the beach in Los Angeles, just like the gang from Three's Company.

Nicole Ankowski has lived in Ohio, Oakland, and on the high plains of South Dakota, but is now proud to call Brooklyn home. She wrote for alternative weekly papers in the first two states, and tried to learn Lakota in the last. (The vowels can be tricky.) She just earned her MFA in Creative Writing and has been published in Beeswax literary journal. She is unable to resist good writing or bad TV.

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