Ted Turner, the trailblazer of cable tv, has handed away on the age of 87.
Turner, who launched NCS in 1980 because the world’s first 24-hour cable information channel, took on quite a few roles all through his distinguished profession. He is credited with creating superstations, which distribute content material from a single station to cable suppliers nationwide. The Ohio-born media titan additionally devoted himself to philanthropy, establishing the United Nations Foundation with a $1 billion donation.
Turner led NCS from 1980 till 1996, when he offered the corporate to Time Warner for about $7.34 billion. NCS was most just lately acquired by Warner Bros. Discovery, which is ready to be offered to Paramount Skydance — a deal at present awaiting federal regulatory approval.
Paramount and Skydance merged in August 2025 for a whopping $8 billion. David Ellison is the sitting chairman and CEO of the media conglomerate.
What was Ted Turner’s net worth?
At the time of his dying, Turner’s fortune stood at $2.8 billion, based on Forbes. His appreciable wealth stemmed not solely from his outstanding legacy as a media mogul but in addition from his possession of a number of Atlanta-based sports activities franchises. Turner was additionally the third-largest particular person landowner within the United States, experiences the Mirror US.
How a lot real estate did Ted Turner personal?
The media tycoon owned roughly 2 million acres of land, often known as Turner Ranches, that are utilized for sustainable farming and ranch administration. The ranches “operate as working businesses, relying on bison, hunting and fishing, and ecotourism as principal enterprises,” based on their official web site.
Turner Ranches is dwelling to over 45,000 bison throughout its properties in Kansas, Montana, Nebraska, New Mexico and South Dakota. Turner himself prioritized environmentalism in his philanthropic endeavors.
Which sports activities groups did Ted Turner personal?
Turner owned each of Atlanta’s MLB and NBA franchises: the Braves and the Hawks. He acquired the Braves in 1977. On May 11, 1997, Turner took over because the workforce’s interim supervisor after dispatching supervisor Dave Bristol on a “scouting trip” following a 16-sport shedding streak. Turner guided the workforce to a defeat in opposition to the Pittsburgh Pirates. The President of the National League on the time, Chub Feeney, subsequently ordered Turner to step down as supervisor.
He helped elevate the baseball workforce to mainstream prominence via his tv stations. Turner was the proprietor when the Braves gained the 1995 World Series. Time Warner assumed possession of the Braves in 1996 as a part of their acquisition of Turner Broadcasting System. The workforce was then offered to Liberty Media in 2007 for a considerable $450 million.
Turner offered the Hawks in 1982.