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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
/x/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1994
or
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT [NO FEE REQUIRED]
For the transition period from ____________________ to _________________
Commission File No. 0-9334
TURNER BROADCASTING SYSTEM, INC.
(Exact name of registrant as specified in its charter)
Georgia 58-0950695
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(State or other jurisdiction (IRS Employer
of incorporation) Identification No.)
One CNN Center, Atlanta, Georgia 30303
(Address of principal executive offices) (Zip Code)
(404) 827-1700
Registrant's telephone number, including area code
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EXECUTIVE OFFICERS OF THE COMPANY
The following table lists the executive officers of the Company, their
ages and their positions as of February 28, 1995:
<TABLE>
<CAPTION>
NAME AGE POSITION
- ---- --- --------
<S> <C> <C>
R.E. Turner 56 Chairman of the Board of Directors and President
Christian L. Becken 41 Vice President and Treasurer
William S. Ghegan 46 Vice President, Controller and Chief Accounting Officer
William H. Grumbles* 45 Vice President - Worldwide Distribution
Elahe Hessamfar 41 Vice President and Chief Information Officer
Steven J. Heyer 42 Vice President - Advertising Sales and Marketing
W. Thomas Johnson 53 Director and Vice President - News
Steven W. Korn 41 Vice President, General Counsel and Secretary
Terence F. McGuirk 43 Director and Executive Vice President
Wayne H. Pace 48 Vice President - Finance and Chief Financial Officer
Scott M. Sassa 36 Director and Vice President - Turner Entertainment Group
William M. Shaw 50 Vice President - Administration
Robert Shaye 55 Director, and Chairman and Chief Executive Officer, New Line Cinema Corporation
Julia W. Sprunt* 41 Vice President - Marketing and Communications
</TABLE>
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* William H. Grumbles and Julia W. Sprunt are married to each other.
The executive officers of the Company are elected by the Board of
Directors to serve until their successors are elected and qualified. The
following is a brief description of the business experience of the executive
officers of the Company for at least the past five years.
R. E. Turner has been Chairman of the Board, President and controlling
shareholder of the Company since 1970.
Christian L. Becken joined the Company in December 1983 as Vice
President of Financial Planning and was promoted to Vice President and Treasurer
in 1986.
William S. Ghegan, who joined the Company as Corporate Controller in
1985, was promoted to Vice President, Controller and Chief Accounting Officer
in 1987. Formerly, he was Senior Manager with Price Waterhouse, an
international accounting firm, from 1979 to 1985.
William H. Grumbles, who joined the Company in 1989 as Executive Vice
President of Turner Network Sales, Inc. ("TNS"), previously known as Turner
Cable Network Sales, Inc. ("TCNS"), was promoted to President of Turner
International, Inc. in 1991 and Vice President - International Sales of the
Company in 1992. In 1993, his title became Vice President - Worldwide
Distribution. Previously, he served as Vice President - Affiliate Relations for
Home Box Office.
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Elahe Hessamfar joined the Company in 1993 as Vice President and Chief
Information Officer. Previously Ms. Hessamfar was Vice President, Information
Systems for PacBell Directory from 1987 until joining the Company.
Steven J. Heyer joined the Company in May 1994 as Vice President -
Advertising Sales and Marketing. He also serves as President of Turner
Broadcasting Sales, Inc. Mr. Heyer was President and Chief Operating Officer
of Young & Rubicam Inc., a worldwide advertising agency from September 1992
until joining the Company. From 1977 until September 1992 he was employed with
the management consulting firm of Booz, Allen & Hamilton, Inc., where he served
as Senior Vice President and Managing Partner of the New York office of the
firm.
W. Thomas Johnson joined the Company in 1990 as Vice President - News.
He also serves as President of CNN. Previously, Mr. Johnson was Chairman of
the Los Angeles Times from 1989 until joining the Company, and also Vice
Chairman of the Times Mirror Company from 1987 until joining the Company.
From 1980 he had served as Publisher and Chief Executive Officer of the Los
Angeles Times.
Steven W. Korn joined the Company in September 1983 as Assistant Vice
President and Deputy General Counsel. He became Vice President in 1986,
Secretary in 1987 and General Counsel in 1988. Formerly, he was an attorney
with the law firm of Troutman Sanders.
Terence F. McGuirk joined the Company in 1972 as Account Executive. In
1975, he assumed the duties of Director of Cable Relations and three years
later became the Director of Special Projects. He was promoted to Vice
President of the Company in 1978 and was elected as a director in 1987. Mr.
McGuirk was promoted to Executive Vice President in 1990.
Wayne H. Pace joined the Company in July 1993 as Vice President -
Finance and Chief Financial Officer. From 1981 until July 1993, he was a
partner with Price Waterhouse, an international accounting firm.
Scott M. Sassa rejoined the Company in 1988 as Executive Vice President
of TNT, Inc. He became Vice President - Entertainment Networks in 1990 and was
elected a director in 1992. In 1994, his title became Vice President - Turner
Entertainment Group. Mr. Sassa also serves as President - Turner Entertainment
Group, Inc. Before rejoining the Company, Mr. Sassa served as Vice President
of New Business Development of Ohlmeyer Communications Company in 1987 and
prior to that as Vice President of Network Management at Fox Broadcasting
Company.
William M. Shaw joined the Company in 1981 as Director of Personnel and
was promoted to Vice President - Personnel in 1982. He was promoted to Vice
President - Administration in 1991. Previously, he served as Director of
Personnel at Siemens-Allis Corp.
Robert Shaye has served as President or Chairman and Chief Executive
Officer of New Line Cinema Corporation ("New Line") since its inception in
1967. He currently serves as Chairman and Chief Executive Officer of New Line,
a wholly-owned subsidiary of the Company since January 28, 1994. Mr. Shaye was
elected as a director of the Company in April 1994.
Julia W. Sprunt, who joined the Company in 1981 as a Marketing Manager
of TCNS, became Director - Southeast Region of TCNS in 1985. She was promoted
to Vice President - Western Region of TCNS in 1986 and became Senior Vice
President of TNS in 1987. Ms. Sprunt was promoted to Vice President -
Marketing of TBS SuperStation in 1989 before becoming Vice President -
Corporate Marketing and Communications in 1990.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereto duly authorized.
TURNER BROADCASTING SYSTEM, INC.
(Registrant)
Date: April 27, 1995 By: /s/ William S. Ghegan
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Name: William S. Ghegan
Title: Vice President and Controller
and Chief Accounting Officer
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