Turner Broadcasting System
Headquarters:Atlanta
Founded:1970
Founders:Ted Turner
Turner Broadcasting System, Inc. is the Time Warner subsidiary managing the collection of cable networks and properties initiated or acquired by Robert Edward "Ted" Turner starting during the 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 is Time Warner's second experience with... advertiser-supported cable broadcasting, after co-owning the Warner-Amex Satellite Entertainment Company through Warner Communications before selling it to MTV Networks during 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. During 1970, Ted Turner, then owner of a successful Atlanta-based outdoor advertising company, purchased WJRJ-Atlanta, Channel 17, a small, struggling Ultra High Frequency station, and renamed it WTCG, for parent company Turner Communications Group. By careful programming acquisitions, Turner guided the station to success.
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