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Cable News Network (CNN) is a multinational news organization operating, most notably, a website and a TV channel headquartered in Atlanta.Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the Manhattan-based media conglomerate Warner Bros. Discovery (WBD), [2] CNN was the first television channel to provide 24 ...
In December 1986, Dow Jones & Company offered News Corporation to sell about 19% of share it owned of SCMP for US$57.2 million, [170] and, by 1987, News Corporation completed the full takeover. [171] In September 1993, News Corporation have agreed to sell a 34.9% share in SCMP to Robert Kuok 's Kerry Media for US$349 million . [ 172 ]
News Corp was established in 1980 by Rupert Murdoch as a holding company for News Limited.News Limited was founded in 1923 in Adelaide by James Edward Davidson, funded by the Collins House mining empire for the purpose of publishing anti-union propaganda; [9] [10] subsequently the controlling interest was bought by the Herald & Weekly Times.
The Cable News Network (), is an American basic cable and satellite television channel owned by the CNN Worldwide division of Warner Bros. Discovery.Upon its launch, CNN became the first channel to provide 24-hour television news coverage, and was the first all-news television network in the United States.
Rupert Murdoch, born in Melbourne, is a major international media proprietor – he chairs two United States-based companies that control most of his assets: News Corp and Fox Corporation. Murdoch's career as a media proprietor began in 1952, when he inherited his father's stake in News Limited . [ 14 ]
CNN Worldwide operates the CNN news channel and other global broadcast news assets owned by Warner Bros. Discovery, including various international CNN branches and HLN. The division is led by Mark Thompson. TNT Sports is the brand name used for sports-related divisions of the company.
All linear networks owned by the company, besides CNN, Turner Sports, HBO, and Magnolia Network, are overseen by Kathleen Finch as head of Warner Bros. Discovery U.S. Networks, [52] [53] [54] which resulted in Brett Weitz being removed as general manager of TBS, TNT, and TruTV after 14 years with the networks. [55]
In the 1993 biography It Ain't As Easy as It Looks by Porter Bibb, Turner discussed his use of lithium and struggles with mental illness. The 1981 biography Lead, Follow or Get Out of the Way by Christian Williams chronicles the founding of CNN. [103] In 2008, Turner wrote Call Me Ted, which documents his career and personal life. [104]