Ted Turner's latest purchase is big, real big. In fact, he now owns about 1 1/2 percent of all the land in New Mexico, an area almost as big as Delaware.
Turner on Monday bought the Vermejo Park Ranch from Pennzoil Co., bringing the amount of land he owns in New Mexico to about 1,796 square miles.The purchase price of the 578,000-acre ranch - 548,000 acres in northern New Mexico and 30,000 acres in southern Colorado - was not disclosed.
Turner, president and chairman of Turner Broadcasting System Inc., owns two other ranches in New Mexico, along with ranches in Montana and Nebraska.