It used to be that whenever Ted Turner announced he was launching or buying some new enterprise, the expert consensus was reflexively dubious -- Turner was profligate, driven by vanity, maybe reckless. But now that every one of his cable-TV channels -- TBS, CNN, TNT, the Cartoon Network -- has turned out to have been brilliant, the pack instinct among journalists and Wall Street touts has pretty much reversed itself. Now Ted Turner is infallible. When it was announced last week that his company would buy Castle Rock Entertainment, an A-list movie-production company, and New Line Cinema, a scrappy little quasi-studio,...
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