Turner Broadcasting System, Inc.
Quick Summary
Turner Broadcasting System, Inc. was an American company founded by Ted Turner in 1979. Turner began his media career by purchasing a struggling Atlanta television station in 1970, which he transformed into a profitable enterprise. He utilized satellite technology to broadcast the station nationwide, creating one of the first cable "superstations". This success led to the formation of Turner Broadcasting System and the launch of influential networks, most notably CNN, the first 24-hour news channel. Other networks founded under his leadership include TNT, Cartoon Network, and Turner Classic Movies. In 1996, Time Warner acquired Turner Broadcasting System for $7.5 billion.12
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