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Vikings' Asher Allen retires at age 24
ATLANTA, Dec. 14 (UPI) -- Time Warner has put the Atlanta Braves up for sale and avid baseball fan and Atlanta Falcons owner Arthur Blank may be interested, a report said.
Time Warner also has hired New York investment banker Allen & Co. to shop the Turner South regional broadcasting network, the Atlanta Journal-Constitution reported Wednesday.
Turner Broadcasting announced the potential "strategic changes" to employees in an e-mail Tuesday night, the newspaper said.
Atlanta won 14 straight division championships and cut the team's payroll, but has not made money for Time Warner.
"If Time Warner decides to sell the Braves, and if we are approached, we would look at it," said Kim Shreckengost, executive vice president of the Arthur M. Blank Group. "If it made sense we would pursue it."
Former Braves President Stan Kasten, who heads a group trying to buy the Washington Nationals, declined comment on buying the Braves.
Forbes magazine valued the Braves at $382 million in 2004.
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