CNN

CNN (Cable news network)

Who owns the site?

Ted Turner was the founder of CNN in 1980

The ownership of CNN is by Time Warner

Do they also own any traditional media businesses?

In addition, he founded WTBS, which pioneered the superstation concept in cable television. As a philanthropist, he is known for his $1 billion gift to support UN causes, which created the United Nations Foundation, a public charity to broaden support for the UN. Turner serves as Chairman of the United Nations Foundation board of directors

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MGM

After a failed attempt to acquire CBS, Turner purchased the film studio MGM/UA Entertainment Co. from Kirk Kerkorian in 1986 for $1.5 billion. Following the acquisition, Turner had an enormous debt and sold parts of the acquisition. MGM/UA Entertainment was sold back to Kirk Kerkorian. The MGM/UA Studio lot in Culver City was sold to Lorimar/Telepictures.

TNT and Cartoon Network

Turner used these to add cable channels. In 1988, he introduced Turner Network Television (TNT) with Gone with the Wind. TNT, initially older movies and television shows, added original programs and newer reruns. Since launch in 1994, Turner Classic Movies broadcast the older Warner Bros, RKO, and MGM libraries. TNT used World Championship Wrestling (WCW) to attract a broader audience.

In 1992, the MGM library, which included Warner Brothers properties including the early Looney Tunes and Merrie Melodies libraries and also the Fleischer Studios and Famous Studios Popeye cartoons, became the core of Cartoon Network. A year before, Turner's companies purchased Hanna-Barbera Productions (whose longtime parent, Taft/Great American Broadcasting, had been headquartered in Turner's original hometown of Cincinnati), adding additional content. With the 1996 Time Warner merger, the channel's archives gained the later Warner Bros. cartoon library.

In the mid-1980s, Turner became a force for the colorization of black-and-white films. In 1985, the film Yankee Doodle Dandy became the first black-and-white movie redistributed in color after computer coloring. Despite opposition by film aficionados, stars, and directors, the movie won over a section of the public,

Turner Entertainment

Turner Entertainment Co. was established in August 1986 to oversee film properties owned by Ted Turner. In 1988, Turner purchased Jim Crockett Promotions which he renamed World Championship Wrestling (WCW) which became the main competitor to Vince McMahon's World Wrestling Federation (WWF). In 2001, under AOL Time Warner, it was sold to the World Wrestling Federation.

In 1989, Turner created the Turner Tomorrow Fellowship for fiction offering positive solutions to global problems. The winner, from 2500 entries worldwide, was Daniel Quinn's Ishmael.

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Research 5 key facts about the institute?

•	CNN's combined branded networks and services are available to more than 2 billion people in more than 200 countries and territories.

•	CNN has 36 bureaus around the world and around 4,000 employees worldwide.

•	CNN's coverage is supplemented and carried by more than 900 affiliates worldwide.

List the key information provided on the company’s corporate homepage?

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