That May Be A Nyet Nyet, Mr. Turner

Ted Turner is holding his annual meeting this year in St. Petersburg. The one in Russia. The July 26 Turner Broadcasting System gathering may be a bit out of the way. But Ted figures the venue makes sense. It's the site of the next (July 23-Aug. 7) Goodwill Games, the sports meet Turner launched in 1986 to help mend relations after Russia and the U.S. boycotted each other's Olympics.

TBS is the first American company to meet in the former Soviet Union--and this is the first time for TBS abroad. Only a few U.S. companies, usually with big foreign

sales, have met offshore, such as Datapoint two years ago in Paris.

However diplomatic Turner's choice seems, it isn't universally applauded. Thomas Flanagan, head of the Investor's Rights Assn., grousing about the inconvenience, asks: "How many shareholders are in Russia?"

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