Turner Broadcasting System, Inc. is the Time Warner subsidiary managing the collection of cable networks and properties started and acquired by Robert Edward "Ted" Turner starting in the mid-1970s. The company has its headquarters in the CNN Center in Atlanta, Georgia. TBS, Inc. merged with Time Warner on October 10, 1996, and now operates as a semi-autonomous unit of Time Warner. This would be Time Warner's second foray into cable broadcasting, after owning the Warner-Amex Satellite Entertainment Company through Warner Communications before selling it to MTV Networks in 1987. The company's... current assets include CNN, HLN, TBS, TNT, Cartoon Network, Boomerang, truTV, and Turner Classic Movies. The current chairman and CEO of Turner Broadcasting is Philip I. Kent. In 1970, Ted Turner, then head of a successful Atlanta-based outdoor advertising firm, purchased WJRJ-Atlanta, Channel 17, a small, struggling UHF station, and renamed it WTCG, for parent company Turner Communications Group. Through careful programming acquisitions, Turner guided the station to success.
more