Ted Turner

The brash mogul once known as ‘the mouth from the south’ took on established broadcasters and changed TV for everFebruary, 1982. The startup cable news channel, CNN, is not yet two years old. It’s bleeding $2m a month. To help make payroll, owner Ted Turner, known as the “mouth of the south” for his brazen behavior, is cashing in krugerrands he’s got stashed in his private safe (concession sales from the Atlanta Braves help, too.)ABC, one of the trio of broadcast networks he’d intended to run out of business, has just announced it plans to create a rival all-news service that, out of the gate, is sure to have more viewers (and certainly more resources). It’s so bad, Ted’s even considering an alliance with another network, that “cheap whorehouse”, CBS. Continue reading...

The death of the media mogul who transformed TV news was confirmed by his family and reported by CNNTed Turner, the media mogul who founded CNN, has died at 87, CNN reported on Wednesday, citing a news release from Turner Enterprises.In a statement, Mark Thompson, the chairman and CEO of CNN Worldwide said that “Ted was an intensely involved and committed leader, intrepid, fearless and always willing to back a hunch and trust his own judgement.” Continue reading...