TBS drops appeal of judge's order

Updated: August 31, 2010, 10:32 AM ET
Associated Press

ATLANTA -- Turner Broadcasting System has dropped its appeal of a judge's order that required the company to pay a Texas businessman $281 million over the sale of the Atlanta Hawks and Thrashers.

David McDavid accused the company of cheating him out of buying the pro basketball and hockey teams and Philips Arena's operating rights in 2003. A jury granted him the award in December 2008 and Georgia courts have twice upheld it.

Turner spokeswoman Misty Skedgell said "in the interest ...

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