Ted Turner, the brash sportsman and entrepreneur whose ambition and instincts led to a media empire that included the groundbreaking news network CNN, has died, CNN reported, citing a press release from Turner Enterprises. He was 87.
No cause of death was given on Wednesday. In September 2018, Turner revealed that he had Lewy body dementia, a degenerative nerve disease.
He became a billionaire by taking over his father’s billboard business, buying a television station in the 70s and parlaying that into what would become a vast, ground-breaking television group. Turner became one of the most powerful figures in US media and entertainment, his networks specialising in news, sports, reruns, and old movies.
He added the MGM/UA movie studio to his portfolio before merging his Turner Broadcasting System with Time Warner in 1996. Turner headed the new company’s cable networks division and was its leading shareholder, but he had trouble fitting into a corporate system after decades of free-wheeling as his own boss. He eventually lost control of his networks.
He made a name for himself with spectacular business deals, his ownership of professional sports clubs, his marriage to actress Jane Fonda, his leadership of a competitive yachting team, and his devotion to charitable and environmental causes.
Born in Cincinnati, Ohio, in November 1938, Robert Edward “Ted” Turner III went to a military boarding school in Tennessee and then attended Brown University, but was expelled before graduating. Turner took over a faltering family advertising business after his father, despondent over financial problems, committed suicide.
After buying a number of radio stations, Turner’s purchase of a struggling Atlanta station in 1970 was his first move into television. Ten years later, that became the flagship of his nationwide Turner Broadcasting System, the profits from which he used to launch CNN.
CNN launched in 1980 as the first 24-hour cable news network, gaining traction in the United States and later internationally. The launch came as viewers were shifting from broadcast to cable and CNN became a key source of news during the 1990-1991 Gulf War, delivering extensive live coverage using satellite technology. CNN’s success inspired the creation of other 24-hour news channels, including Fox News by longtime Turner rival Rupert Murdoch, MSNBC and countless stations worldwide.
Source: www.aljazeera.com