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TBS MAY LOSE $26 MILLION ON GAMES

SHARE TBS MAY LOSE $26 MILLION ON GAMES

Turner Broadcasting System Inc. could lose as much as $26 million on the Goodwill Games, the same amount it lost on the inaugural games in Moscow in 1986, Ted Turner says.

The TBS board of directors will decide whether to hold another Goodwill Games after this year's events are over and the financial results are in, Turner said Monday.Turner, speaking to shareholders at the company's annual meeting Monday in Seattle, would not detail the reasons for the expected losses. A $26 million loss would double earlier projections from the company, he said.

Nevertheless, Turner, who is chairman of the TBS board, was optimistic about this year's Goodwill Games, which got under way Friday and end Aug. 5. He said the international Olympics-style competition is increasing world exposure for TBS and helping the Atlanta-based company market its Cable News Network and other services abroad.

"We're very happy with the way things are going in the Goodwill Games," Turner said.