Ted Turner is a popular US media mogul for founding the first 24-hour cable news channel, Cable News Network (CNN). Besides CNN, Turner also founded WTBS, the mastermind behind the cable television superstation concept.
The Ohio native is also a well-known philanthropist who donated $1 billion to the United Nations to support the establishment of the United Nations Foundation (a public charity created to expand internal support for the United Nations). , of which he is the chairman of the board of directors.
Ted Turner bio
The media mogul was born in Cincinnati, Ohio on November 19, 1938, to poster mogul Robert Edward Turner II and his wife Florence. When he was around 9, his family moved to Savannah, Georgia. He was educated at the McCallie School (a private preparatory school for boys in Chattanooga, Tennessee). After high school, he headed to Brown University, where he first majored in classical studies before switching to economics.
At Brown, Ted Turner was the school’s debating vice president and captain of the sailing team. He also identified as a member of Kappa Sigma, an American social fraternity established in 1869 at the University of Virginia. In November 1989 he received an honorary BA. when he attended the second annual conference of the National Association of College Broadcasters.
Career
After Ted left college, he returned to the South in the 1960s and began managing a branch of his father’s company in Macon, Georgia. Following his father’s suicide (suicide) in 1963, he assumed chairman of the board of his father’s advertising company and grew it into a global business.
The company enjoyed the monopoly in Columbus, MaconSavannah and Charleston, during the Vietnam War era, emerged at the time the largest outdoor advertising company in the Southeast. In the late 1960s, Ted began investing in radio stations. buy some in the south. In 1969 he sold them to buy WJRJ, Channel 17 – a struggling television station in Atlanta. At the time, private channels were not doing very well, but Ted Turner thought that would change over time as people wanted to get more from their TV channels. To drive his optimism home, he changed the station’s sign to WTCG – an acronym for “Watch This Channel Grow”. Initially they screened old films from the 1930s, 1940s and 1950s,
In 1973 the station acquired the rights to broadcast Atlanta Braves baseball games, later that year Turner also purchased UHF Channel 36 WRET (now WCNC) in Charlotte, North Carolina , and used it in a format similar to that of the WTCG. In 1976, the FCC licensed the station to transmit the content to local cable television providers across the country via satellite. This was the same year that Ted purchased the Atlanta Hawks and Atlanta Braves for the purpose of providing programming for WTCG.
CNN
In 1979, Ted Turner along with Reese Schonfeld founded the first 24-hour cable news channel, Cable News Network (CNN). The following year, he sold WRET (his television station in North Carolina) to fund the establishment of his headquarters in Atlanta, a low-cost, non-union center. Schonfeld served as the channel’s first president and CEO until 1982, when Turner took over following a dispute between the two men following Schonfeld’s firing of Sandon Freeman.
His other businesses
Turner also owns Brut Productions, which he acquired from Faberge Inc in 1981. He also acquired MGM/UA Entertainment Co. in 1986 from Kirk Kerkorian for $1.5 billion after an unsuccessful attempt to buy CBS. Kerkorian would later buy the film studio; the Culver City studio was later sold to Lorimar/Telepictures, but Ted Turner retained his pre-merger film and TV library.
Also in 1986, Turner Entertainment Co. was formed to oversee all film and television properties it owes. Turner Network Television (TNT), Turner Classic Movies, among others.
Philanthropy
Ted Turner is a well-known philanthropist. which is by constantly contributing to society and individual developments. He gave a billion dollars to the United Nations in favor of the creation of the United Nations Foundation (a public charity created to expand internal support for the United Nations), of which he is Chairman of the Board.
In 2011, he teamed up with former U.Senator Sam Nunn and the founder of the Nuclear Threat Initiative (NTI), a nonpartisan organization dedicated to reducing global dependency and preventing weapons proliferation. nuclear, chemical and biological. Ted currently co-chairs the organization’s Board of Directors.
Net value
Ted Turner is currently one of the richest men on the planet; In 2019, his net worth was $2.2 billion and came from his media establishments and other business chains, including the fifteen ranches he owns, in Nebraska, Montana, Kansas, South Dakota, Oklahoma and New Mexico.
He owns Vermejo Park Ranch, the largest private ranch in New Mexico, measuring 2,920 square miles (2,400 km2 )
Also read on: Top 10 Journalists and Media Personalities in the World
His wife wife, children and relationship with Jane Fonda
Ted Turner was married three times and they all ended in divorces. His first marriage was to Judy Nye and it only lasted four years, from 1960 to 1964; Barely a year after his separation from Judy, he married Jane Shirley Smith. The couple remained together for twenty-three years, from 1965 to 1988.
In 1991, the media mogul married actress JaneFonda. Their marriage was marred by several cases of infidelity, the actress would later reveal in her 2005 memoir that Ted cheated on her on several occasions with several women. She said she once hit him on the head with the phone when she found out he had cheated on her just a month after they got married. Unable to bear it any longer, she filed for divorce in 2001, giving up $70 million.
Ted has five children – three sons (Teddy, Beau, and Rhett) and two daughters (Jennie and Laura). He had Beau, Rhett and Jennie with Jane Shirley Smith, while Teddy and Laura are from his first marriage to Judy Nye.
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