History of Ted Turner

Ted Turner

Ted Turner is for many the epitome of capitalism. He is the owner of the TBS Superstation, TNT, CNN, Atlanta Braves and Hawks sports organizations and other channels like Cartoon Network. Ted Turner is one of the 50 richest men (Forbes), with a net worth of over 2 billion dollars.

He is a tycoon of the media, which pioneered the concept of TV "super-station" broadcasting to cable systems nationwide via satellite. The system later known as TBS (Turner Broadcasting Station) comes in more than 160 million households in 200 countries and nearly 40 languages. When TBS merged with Time Warner in 1996, Turner became the largest shareholder of Time Warner, with 10% of the company. Time Warner is the largest entertainment company in the world.

Turner bought the Atlanta Braves and Atlanta Hawks, issued a variety of old movies and Cable News Network (CNN). CNN has had great successes, he covered the Reagan assassination attempt of 1981, In 1986 disaster of the space shuttle, and the missile crisis of Iraqi journalists have been putting in the line of fire.

In 1986, Turner made a bid to buy CBS, but failed. As a consolation, Turner bought the Metro Goldwyn Mayer (MGM) / United Artists.

Turner has been very clear about "giving back". In October 1997, Turner called for the "rich" the world to use their wealth to make the world a better place for us all. He has pledged $ 1 billion to the United Nations.

In 1971, the television station WTSG (meaning "watch grow this season") became the season's # 1 independent television in the south.

Born in 1938, Turner began his career in the advertising business with his father, selling space on billboards. Unfortunately, his father died, but the memory of his father lived, and many believe that his father was the inspiration for Ted through difficult times.

Profiting from the billboard business, Turner begins jump came in 1970 when Rice Communications bought (later renamed Turner Broadcasting System). The losses in the first year amounted to nearly $ 700,000. Turner was able to convert WSTG and took him to a regional # 1 ranking. After almost nine years of traditional "power" broadcast, Turner took the idea of ​​communication transmitted by satellite to homes around the world.