Ted Turner

Robert Edward Turner III is an American media mogul. As a businessman, he is best known as the founder of the cable television network CNN, the first dedicated 24-hour cable news channel. In addition to CNN, he founded WTBS, which pioneered the superstation concept in cable television. As a philanthropist, he is well known for his $1 billion pledge to the United Nations donated through his United Nations Foundation.

Turner's media empire began with his father's billboard business which he took over at the age of 24 after his father's suicide. Purchase of an Atlanta UHF station in 1970 began the assemblage of the Turner Broadcasting System. His Cable News Network revolutionized news media, coming to the forefront covering the space shuttle Challenger disaster in 1986 and the Persian Gulf War in 1991. Using his media empire for publicity, Turner turned the Atlanta Braves baseball team into a nationally-popular franchise and launched the charitable Goodwill Games.

On September 22, 1995, Turner Broadcasting System, Inc. announced plans to merge with Time Warner, Inc. The merger was completed on October 10, 1996, with Turner as vice chairman and head of Time Warner's cable networks division. Turner is America's largest private landowner, owning approximately two million acres, which is greater than the land areas of Delaware and Rhode Island combined. In 1991, Turner became the first media figure to be named Time Magazines Man of the Year. He was also a recipient of the Albert Schweitzer Gold Medal for Humanitarianism.

Source- Wikipedia http://en.wikipedia.org/wiki/Ted_Turner