Who Owns CNN?
Anyone wondering who owns CNN need look no further than the large company Time Warner. Time Warner is one of the biggest media conglomerates in the world with investments in a number of very successful media options which span publishing, films and television. CNN, also known as the Cable News Network, is one of the first networks to be dedicated to providing 24 hour a day 7 days a week news coverage. This network has been in existence since 1980 and although it began in the United States, it is now international and is one of the most popular networks in the world.
The owner of CNN is none other than media powerhouse Time Warner. Although Time Warner is the current owner as of 2010, Ted Turner of Turner Broadcasting System initially created the Cable News Network.
After many years of building CNN into a very successful network, Ted Turner agreed to combine forces with Time Warner in a merger. This merger resulted in CNN’s acquisition by Time Warner.
Time Warner is a company that has a very far reaching influence on media. This company owns a number of different subsidiaries in addition to CNN such as the Cartoon Network, Warner Brothers, HBO and Castle Rock Entertainment just to name a few.
Steve Ross is the most prominent CEO in the history of Time Warner and he is known for creating one of the most successful media companies with his desire to take risks on a variety of different up and coming subsidiaries.
Introduction of CNN
When one thinks about who owns CNN one cannot help but think about Ted Turner of Turner Broadcasting System and the creation of one of the most popular networks in the history of television - The Cable News Network (CNN).
Created in 1980, this network was the first of its type to provide around the clock news coverage 24/7. Also, it was the first all news network in the United States. This network is known for the very ticker of updated events that ran at the bottom of the screen. Likewise, the introduction of CNN has prompted a number of similar 24/7 news operations on cable television.
The Cable News Network quickly became very popular for its ability to provide the latest coverage on all types of events in the world. It is very important to note, however, that although CNN originally started off as a new coverage station, it eventually began to offer a very diversified programming schedule. The shows on the schedule are popular and many of the shows are currently some of the most highest rated in television, such as Anderson Cooper 360.
The combination of the 24/7 news coverage and strong programming made it very possible for Turner Broadcasting System to continue building upon its success. As CNN grew, the company branched out to the Internet and there is now an Internet site CNN.com that provides the same 24/7 coverage that is available via the cable network. With the acquisition of Turner Broadcasting in 1996, Time Warner substantially increased its power in the realm of media.
Influence of CNN
There is no doubt that the Cable News Network has become one of the most influential networks in the world. This has a lot to do with the constant, up-to-date coverage that this network provides. CNN has covered many of the many world events since 1980, such as the explosion of the Space Shuttle Challenger in 1986.
The coverage of the Gulf War in the early 1990s is believed to have given the network much strength as a very reliable provider of all types of news worthy events, even political unrest such as a war.
Other important events that were covered by CNN include the September 11th attacks. The reporters at CNN were the first to provide up to coverage of images of the towers after they were hit by the planes. When people think of the owner of CNN they think of the very influential business Time Warner.