Free Essay

Ted Turner

In: People

Submitted By mweisson
Words 989
Pages 4
Ted Turner

Robert Edward Turner, most known as Ted Turner is one of the most important media magnates. He started with a small family business and made his way into big international projects such as CNN, MGM and TNT. For years he has been turning small companies into leading empires. These reasons make him the best and most accurate media magnate.

This important figure was born on November 19, 1938 in Cincinnati, Ohio. His father, Robert Edward Turner Jr, was known as Ed. While Ed Turner served in the Navy during World War II, the family followed him to his Gulf Coast post; every member went, except Ted who was left behind in a boarding school in Cincinnati. When Ted was nine, the family moved to Savannah, Georgia, where Ted’s father, Ed, purchased a small billboard company he renamed Turner Advertising. During his early years Ted attended Georgia Military Academy, near Atlanta. Ed insisted in Ted’s working experience, therefore he began to work from an early age, learning every aspect of the outdoor advertising business, by the end of his teens he had become an effective salesman. Later on he went to Brown University where he was suspended during two occasions for breaking dormitory rules, but due to his grades and better behavior he received his degree. After graduation he returned to Georgia and very soon he got married. His first marriage didn’t last long and besides that deception he had to deal with his sister’s death after a long painful illness. Ted decided to focus on his work and his father promoted him as the manager of his company and future owner after his death.

He worked day and night, struggling at first but he stabilized the business and built a large fortune. By the end of the decade, Turner Advertising was the largest billboard company in the Southeast but he realized he needed advertisement in television, radio or other media so he saw opportunities in broadcasting. Three major networks dominated television business; only the largest cities could support a fourth or fifth one. After investing in some radio stations, Turner purchased a UHF (new range of Ultra-High Frequencies) station in Atlanta and changed the name of his firm to Turner Communications Group and after that he renamed the station WTCG. He soon began buying old movies, TV shows and promoting his business.

In the next years Turner bought the Atlanta Braves baseball team, and began broadcasting its games live. By the end of the year he was also broadcasting games of the Atlanta Hawks basketball team. The combination of sports and old movies gave him great success. Turner renamed his satellite channel WTBS (Turner Broadcasting System). He was achieving all his goals but his ambitious venture was to have twenty-four hours of all news channels. He made his way to create and purchase his Cable News Network (CNN) and later on CNN Headline News. Eight years later, Turner began another station, Turner Network Television (TNT is currently viewed in over 61 million homes across America).
By this time he was a billionaire with a huge interest in deploying his wealth in behalf of the worthy causes, therefore he founded the Better World Society to fight against the nuclear weapons. In 1886, Turner purchased MGM Entertainment Company but unexpectedly he sold it back to his previous owner and only kept the studio’s film library. This library within the years made a fortune. Turner was proving the world how powerful his creations where, but mostly CNN, broadcasting every single piece of news there was. Thus, in 1889, Time magazine named Ted Turner its “Man of the Year”.

In August 1990, he launched a network that stretched across the Southeast called SportSouth, providing coverage of Atlanta Braves baseball and Atlanta Hawks basketball team. Eventually he sold the network to FOX Sports but in 1996 he finalized a deal with Time Warner who gave him the ownership of TBS and everything under it. Later on he created more foundations, quoting that 'A billion's a good round number' and that’s why he will donate one by the next decade to the United Nations. He has also created more known foundations, such as Turners Foundation which is a private, independent family foundation committed to preventing damage to the natural systems - water, air, and land - on which all life depends or the Nuclear Threat Initiative that is an operational organization actively engaged in developing and implementing projects that bring new strategies, new partnerships and effective action to reduce the dangers from nuclear, biological and chemical weapons.

Today, Ted Turner is America’s largest private landowner, owning two million acres, greater than land areas of Rhode Island and Delaware combined. He owns most of the lands in America but, that doesn’t make him a selfish or shallow men, after his donation to the United Nations, he created the United Nations Foundation which builds and implements public-private partnerships to address the world’s most pressing problems. In 2006 Turner received the Bower Award for Business Leadership from the Franklin Institute.

For Ted Turner “life is just a game and money is how we keep score”, his success and his only failing selling MGM, prove that he is a businessman that knows how to confront problems. His favorite quote is “Early to bed, early to rise, work like hell and advertise”, he never gives up and that’s why he is the most successful media magnate.

REFERENCES

• CNN WORLD REPORT: Ted Turner

• Academy of Achievement (1996). Retrieved October 9, 2009, from http://www.achievement.org/

• Interactive Media Lab (1982). Retrieved October 9, 2009, from http://iml.jou.ufl.edu/

• Los Angeles Times (2009). Retrieved October 9, 2009, from http://articles.latimes.com/

• Turner Foundation (2009). Retrieved October 9, 2009, from http://www.turnerfoundation.org/

• CNN (2009). Retrieved October 9, 2009, from http://edition.cnn.com/

• TNT (2009). Retrieved October 9, 2009, from http://www.tnt.tv/

Similar Documents

Free Essay

Leadership Project Ted Turner

...Effective Leadership Practices: Ted Turner Your Name Capella University Background Ted Turner who was born as Robert Edward Turner III, born on November 19, 1938 in Cincinnati, Ohio, is known as a media mogul, philanthropist, and billionaire two times over. It is well known from many sources that Teds’ father was abusive towards him, when he was young. His father who was bipolar killed himself in 1963, which led to Ted becoming president and CEO of Turner Advertising, which later he changed to Turner Broadcasting (Turner, The Biography.com web site, 2015). Later, Ted went on to create the Cable News Network (CNN), which first aired in 1980. With the profits from CNN, Ted purchased Metro-Goldwyn-Mayer (MGM). Continuing to grow his company, he later created Cartoon Network, Turner Network Television (TNT), and Turner Classic Movies (TCM). As the leader in television and the internet, Turner Broadcasting was sold to Time Warner for $7.5 billion dollars. Ted did continue to run Time Warner’s cable networks, this included Home Box Office (HBO) and America Online (AOL) leading him to be the media mogul he is known for today (Turner, The Biography.com web site, 2015). What is your chosen leader's definition of leadership? In an interview with Oprah 2015, Ted stated that in order to be a leader you have to be an expert in many areas. Ted is known to be an autocratic leader, very strict, does not share anything with his followers, and takes all the......

Words: 1566 - Pages: 7

Free Essay

Technology

...This book captured my heart it taught me a lot   Probably the greatest book I've read. Brought me to tearssss.   "learn how to die and you will learn how to live."... i could never forget this quote from mitch's professor.. this story was posted in our book way back when i was third year highschool.... it's full of lesson.. it values life.   From childhood to senility, the very people who made beautiful contribution in our lives always seem to have special place in our hearts, minds & souls.   This movie/book was one of our projects. As a teenager, I really had no interest to read this kinds of books but after a few more chapters, I realized that this book contains lots of valuable lessons. It changed the way I see things. It also made me realize that life is very important so we should not waste it but instead make it a very happy one. We should also spend our lives with our loved ones because we dont know how long we will be with them. I relly love this book/move. ily Morrie!!!!!!!!   I'm so happy that finally I got a copy of Mitch Albom's book, Tuesdays with Morrie. I have been wanting to have it. This is the best book I've ever read. I've shed a lot of tears, laughed out loud and pondered about the reality and wisdom shared by an intelligent, compassionate, loving and very kind old man. I love you Morrie Schwartz. Forever I will cherish your words.   The movie as well as the book inspired me a lot. This was the 3rd time i read an......

Words: 19539 - Pages: 79

Premium Essay

Story

...Tuesdays with Morrie: an old man, a young man, and life’s greatest lesson By Mitch Albom Courtesy: Shahid Riaz Islamabad – Pakistan shahid.riaz@gmail.com “Tuesdays with Morrie” By Mitch Albom 2 Acknowledgments I would like to acknowledge the enormous help given to me in creating this book. For their memories, their patience, and their guidance, I wish to thank Charlotte, Rob, and Jonathan Schwartz, Maurie Stein, Charlie Derber, Gordie Fellman, David Schwartz, Rabbi Al Axelrad, and the multitude of Morrie’s friends and colleagues. Also, special thanks to Bill Thomas, my editor, for handling this project with just the right touch. And, as always, my appreciation to David Black, who often believes in me more than I do myself. Mostly, my thanks to Morrie, for wanting to do this last thesis together. Have you ever had a teacher like this? The Curriculum The last class of my old professor’s life took place once a week in his house, by a window in the study where he could watch a small hibiscus plant shed its pink leaves. The class met on Tuesdays. It began after breakfast. The subject was The Meaning of Life. It was taught from experience. No grades were given, but there were oral exams each week. You were expected to respond to questions, and you were expected to pose questions of your own. You were also required to perform physical tasks now and then, such as lifting the professor’s head to a comfortable spot on the pillow or placing his glasses on the bridge of......

Words: 35984 - Pages: 144

Free Essay

Bill of Rights

...Plot The book begins with Mitch graduating Brandeis University, his college. He introduces his favorite professor (Morrie) to his parents and brother, and them to him. Morrie asks if he will stay in touch, and Mitch immediately promises he will. But there is only one problem. Mitch did not stay in touch. He got so wrapped up in his work, that he lost all contact with his college friends and professors. Over the years, Morrie develops ALS, a horrible and deadly disease. Morrie sends letters to Mitch, but because they are sent from Brandeis University, he thinks they are just asking for money. Mitch only learned about his professor's disease when he saw him being interviewed on Nightline. When Mitch found out about Morrie having ALS, he decided to go see him. When he first saw Morrie, he slumped down in his seat to finish his work. HE should've just ran up to greet him. But he didn't. Morrie and Mitch decide to meet weekly on Tuesdays, so Morrie can teach Mitch the "meaning of life" before the disease complete destroys Morrie's ability to communicate. During the lesson's, Mitch learns that he needs to focus on love and other people, not making as much money as he can. Morrie convinces Mitch to write the book "Tuesdays with Morrie", so Morrie can share his virtues with the whole world. When Morrie dies at the end of the book, Mitch realizes he can still communicate and learn from him, even when he's dead. Summary #1 "The Curriculum" The first chapter is introducing the......

Words: 5947 - Pages: 24

Premium Essay

Tuesdays with Morrie

...Tuesdays with Morrie: an old man, a young man, and life’s greatest lesson By Mitch Albom Courtesy: Shahid Riaz Islamabad – Pakistan shahid.riaz@gmail.com “Tuesdays with Morrie” By Mitch Albom 2 Acknowledgments I would like to acknowledge the enormous help given to me in creating this book. For their memories, their patience, and their guidance, I wish to thank Charlotte, Rob, and Jonathan Schwartz, Maurie Stein, Charlie Derber, Gordie Fellman, David Schwartz, Rabbi Al Axelrad, and the multitude of Morrie’s friends and colleagues. Also, special thanks to Bill Thomas, my editor, for handling this project with just the right touch. And, as always, my appreciation to David Black, who often believes in me more than I do myself. Mostly, my thanks to Morrie, for wanting to do this last thesis together. Have you ever had a teacher like this? The Curriculum The last class of my old professor’s life took place once a week in his house, by a window in the study where he could watch a small hibiscus plant shed its pink leaves. The class met on Tuesdays. It began after breakfast. The subject was The Meaning of Life. It was taught from experience. No grades were given, but there were oral exams each week. You were expected to respond to questions, and you were expected to pose questions of your own. You were also required to perform physical tasks now and then, such as lifting the professor’s head to a comfortable spot on the pillow or placing his glasses on the bridge of his......

Words: 35984 - Pages: 144

Free Essay

H.R Strategies

...gg g hgf fgh gh fgh The Cable News Network (CNN) is an American basic cable and satellite television channel that is owned by the Turner Broadcasting System division of Time Warner.[1] The 24-hour cable news channel was founded in 1980 by American media proprietor Ted Turner.[2][3] Upon its launch, CNN was the first channel to provide 24-hour television news coverage,[4] and the first all-news television channel in the United States.[5] While the news channel has numerous affiliates, CNN primarily broadcasts from its headquarters at the CNN Center in Atlanta, the Time Warner Center in New York City, and studios in Washington, D.C., and Los Angeles. CNN is sometimes referred to as CNN/U.S. to distinguish the American channel from its international counterpart, CNN International. As of August 2010, CNN is available in over 100 million U.S. households.[6] Broadcast coverage extends to over 890,000 American hotel rooms,[6] and the U.S. channel is also carried on cable and satellite in Canada. Globally, CNN programming airs through CNN International, which can be seen by viewers in over 212 countries and territories.[7] As of August 2013, approximately 98,496,000 American households (86% of cable, satellite and telco customers) receive CNN.[8] The Cable News Network was launched at 5:00 p.m. ET on June 1, 1980. After an introduction by Ted Turner, the husband and wife team of David Walker and Lois Hart anchored the channel's first newscast.[9] Burt Reinhardt, the then......

Words: 435 - Pages: 2

Free Essay

Social

...Sony Sony Corporation is a Japanese electronics manufacturer in Tokyo. Sony designs, manufactures, and sells electronic tools. It is a leader in the development of consumer electronics goods, such as videocassette recorders, cellular and cordless telephones, compact disc equipment, and television. Sony also manufactures computers and related devices. The company holds a yearly contest in which engineers show off their prototypes; bonuses are awarded to those whose prototypes are selected for eventual manufacture and marketing. Sony continually makes and offers new products, most of which are tested in the Japanese market. Sony has been particularly successful in the United States market; however, it is outsold in Japan and elsewhere by Matsushita, another Japanese electronics giant. Our marketing team is focused on increasing sales for Sony’s electronic products, as well deliver corporate value to their customers and partners. Because the electronic consumer market is such a large industry, there is a great opportunity for Sony to capture a large share of this market, despite the economic down turn in the U.S. MGM The name is taken from the three companies that formed a merger to create MGM Studios in 1924; Metro Picture Corporation (formed in 1915), Goldwyn Picture Corporation (1917), and Louis B. Mayer Pictures (1918), under the control of movie theater magnate Marcus Loew. Louis B. Mayer became the studio boss, and Irving Thalberg, the "Boy Wonder", was head of......

Words: 760 - Pages: 4

Free Essay

Hrm on Management

...Charles Martin in Uganda: What to Do When a Manager Goes Nat |575 By Raef Khalid on 8 October 2013  Share Make a copy Comments (0) Please log in to add your comment. Report abuse Transcript of Charles Martin in Uganda: What to Do When a Manager Goes Nat Charles Martin in Uganda: What to Do When a Manager Goes NativeCharles MartinProject ManagerUgandaHydro Generation (HG)Power Plant Project in Uganda :Local support. Gov’t strongly favored project – highly unregulated Displacement of 700 villagersLawrence Lovell, CEO :Believed business should embody Christian valuesJames Green, Vice PresidentConcerned about business practices and lifestyleProfessional educationMinor in African Studies form University of Wisconsin Served in Peace Corps in KenyaMBA from University of MarylandExperience with Hydro GenerationResponsibilities :Gain local supportSet up office, hiring, customs, logistics, inventory Assist foreign personnelLocation:Uganda is in East AfricaCapital City:KampalaGovernment: Multiparty democratic republic. Population:Just over 30 million people live in UgandaLanguage:English (official national language), Ganda or Luganda, Nilo-Saharan languages, Swahili, and Arabic.Religion:- Roman Catholic 33%- Protestant 33%- Muslim 16%- Indigenous beliefs 18%Currency:Uganda Shilling,Questions ( 1 )Describe Ugandan cultural attributes that might affect the operations of a foreign company doing business there?1-different types of communication language:The official language there is......

Words: 893 - Pages: 4

Premium Essay

Wicked Walton's

...bashed in the media time and time again for “failing America.” Applause must be given to the Mega Corporation, they came from being just one department store to a multi-billion dollar corporation however, the treatment of Wal-Mart’s employees and the greediness of Wal-Mart’s owners combine to make it a monster corporation with negative effects on both individuals and competing companies. To be reasonable, we must touch on the benevolence of Wal-Mart because to be a $465 billion dollar corporation they must be doing something correct, right? The children of Wal-Mart's founder, Sam Walton, in contrast to its workers, are billionaires. Does that make them greedy or just lucky? They would not talk to ABC News on the topic but billionaire Ted Turner an American media mogul and philanthropist who is known as founder of the cable news network CNN, the first...

Words: 1610 - Pages: 7

Premium Essay

Dsgrtfgj

...DIFFERENT TYPES OF WEB SITE RATING SITE A rating site is a website designed for users to vote on or rate people, content, or other things. Rating sites are typically organized around attributes such as physical appearance, body parts, voice, personality. Rating sites typically show a series of images (or other content) in random fashion, or chosen by computer algorithm, rather than allowing users to choose. Facemash, the Facebook’s predecessor, opened on October 28, 2003. Initially, the website was invented by a Harvard student, Mark Zuckerberg, and three of his classmates – Andrew McCollum, Chris Hughes and Dustin Moskovitz. Zuckerberg wrote the software for the Facemash website when he was in his second year of college. The website was set up as a type of “hot or not” game for Harvard students. The website allowed visitors to compare two student pictures side-by-side and let them choose who was “hot” and who was “not”..... REVIEW SITE A review site is a website on which reviews can be posted about people, businesses, products, or services. Review sites are generally supported by advertising. Some business review sites may also allow businesses to pay for enhanced listings, which do not affect the reviews and ratings. Product review sites may be supported by providing affiliate links to the websites that sell the reviewed items. Rotten Tomatoes is a website launched in 1998 devoted to film reviews and news; it is widely known as a film review aggregator.......

Words: 947 - Pages: 4

Premium Essay

Bananas

...passion or see needs in the world, they stand up and do it and they put everything on the line to see these things happen. Getting kids to embrace being an entrepreneur at a young age we could change the problems in the world to. Obligation to teach our children to teach our kids to be entrepreneurial, spreading businesses instead Teaching kids to go after good jobs, or what's cool, MBA programs do not teach our kids to be entrepreneurial. They teach them to go work in corporations, but who is starting these companies? Popular literature: Atlas shrugged makes entrepreneur into the hero, but everything else looks at entrepreneurs as bad people. All entrepreneurs have struggled with school, ADD, bipolar (CEO disease, Ted turner, Steve jobs, 3 founders of netscape.) We see these signs in kids and give them ritalin, and tell them not to be an entrepreneurial type, but to fit into the system and become a student. Entrepreneurs aren't students, fast track and figure out the game. Entrepreneur: a person who organizes, operates and assumes the risk for a business venture. Value: Help them learn value in things others think are worthless Negotiation skills: Fraction of a cent, coat hangars Compromise: Can't get all 4 sold, sell 1 Buy Low, Sell High: Buy comic books from poor...

Words: 590 - Pages: 3

Premium Essay

Engl135 Final Research Paper

...An Unnecessary and Cruel Sport Claudia Santos DeVry University An Unnecessary and Cruel Sport According to nature, the food chain begins and ends with a prey and its predator. Hunting is also one of the laws made by nature to balance the population on the earth's surface and it is through hunting, that the circle of life is complete. But an excess of anything is considered injurious, and this applies for hunting as well. Although it was a crucial part of humans’ survival 100,000 years ago, hunting is now nothing more than a violent form of recreation that the vast majority of hunters do not need for subsistence. Today men practice hunting as nothing but one of those among a list of hobbies, because there is no requirement for predation by humans in modern times. Sport Hunting should be banned because it can be dangerous, cruel and it contributes to the extinction of animal species all over the world. Many believe in hunting as a hobby, because it serves as a great outdoor experience. It might even be considered as a good exercise, on a day out! The truth is that Hunting is, by its’ nature, a dangerous sport. Hundreds of individuals armed with long range weapons through the woods are a perfect formula for a tragedy. This is especially true when the average hunter only shoots one of two days a year. Hunting accidents destroy property and injure or kill cats, dogs, horses, hikers and other hunters. According to International Hunter Education Association, about 1,000......

Words: 1262 - Pages: 6

Premium Essay

Economics

...cost? Question 2 Refer to Q1.2 Chapter 1 (Page 78). What is scarcity? Why is scarcity central to the study of economics? Question 3 Refer to Q1.10 Chapter 1 (Page 79). In a paper written by Bentley College economists Patricia M. Flynn and Micheal A. Quinn, the authros state: “We find evidence that Economics is a good choice of major for those aspiring to become a CEO (Chief Executive Officer). When adjusting for size of the pool of graduates, those with undergraduate degrees in Economics are shown to have had a greater likelihood of becoming and S&P 500 CEO than any other major.” A list of famous Economics majors published by Marletta College inculdes business leaders Warren Buffet, Donald Trump, Ted Turner, Diane von Furstenberg, and Sam Walton, as well as former Presidents George H.W. Bush, Gerald Ford and Ronald Reagan. Why might studying economics be particularly good preparation for being that top manager of a corporation or a leader in government? Based on Patricia M. Flynn and Michael A. Quinn. “Economics: A Good Choice of Majorfor Future CEOs,” Social Science Research Network, November 28, 2006, and Famous Economics Majors, Marletta College, Marletta, Ohio, May 2, 2010. Question 4 For the sake of argument, let’s assume that you would never cheat. Under what circumstances are students in general more or less likely to cheat on an economics examination? Question 5 Refer to Q1.6 of Chapter 1 (Page 78). Jay......

Words: 703 - Pages: 3

Premium Essay

Importance of Ethics

...the resulting rewards of monetary and personal satisfaction.” The definition of “being an entrepreneur” is different for different people, but it is generally agreed that behavior includes initiative taking; the organizing and reorganizing of social and economic mechanisms to bundle resources in innovative ways; and the acceptance of risk, uncertainty, and/or the potential for failure (Hisrich, 2010). Drucker (as cited in deLeon, 1996) recognizes that entrepreneurship is fundamentally a moral enterprise, for which the goals or values that characterize it are more important than means. In the United States, the entrepreneur has long been admired and emulated. News stories about successful business founders like Bill Gates, Steve Jobs, Ted Turner, Mrs. Fields and others are prominent in the media (Payne & Joyner, 2006). Many successful entrepreneurs are put forth as role models for society. (Payne & Joyner, 2006) According to Miller (2011), “Ethics is a habit developed through practice and learned thought mentoring. As we carve out our own ethical space, it can serve as an example to others and they in turn can do the same.” Ethics and values make us who we are. Ethics is the core attribute to a successful and growing business. We should never waiver from our core values, ethics in tough business situations. In certain situations, entrepreneurs are often...

Words: 830 - Pages: 4

Premium Essay

Do Black Lives Matter

...Research and Composition for Change Dr.Emeka Ekemezie Engl.1111-03 3/9/16 Do Black Lives Matter? What is police brutality? “Many citizens define police brutality broadly to include a range of abusive police practices, such as the use of profanity, racial slurs and unnecessary searches, not entailing the use of physical force”. (Holmes and Smith 6) One of our nation’s biggest epidemics is police brutality and more specifically the rate in which it affects most African American communities. I stress the importance of this issue because law officers are supposed to serve and protect but in most communities comprised of mainly African Americans, the police are often looked at as the aggressor and the instigator in most altercations. I plan to show how this injustice affects African American communities. Due to the social networking sites we visit every day, and the fact that majority of Americans have portable audio and video recording devices right in their purse or pocket, we’re able to see some of these gruesome altercations unfold right in front of us. From the Watts riots in 1965 to the 2016 Jamal Clark incident, that happened right here in Minneapolis. Most of the people that chose not to accept the fact that the police officers their tax dollars pays to employ are committing a genocide of an entire race; typically argue that these individuals brought it on themselves. A tactic police try to use to justify these horrendous acts, is to refer to the individual as...

Words: 1421 - Pages: 6