Ted Turner – 1938–
The son of the owner of a billboard advertising company, Robert Edward “Ted” Turner III took over the failing business after his father committed suicide. After making it profitable again, he invested in the purchase of a failing UHF Atlanta television station in 1970 and turned it around. In 1975, he transformed the station into “Superstation” by using communications satellite technology to broadcast to a national cable television audience. In 1980, he created the nation’s first 24-hour cable news network, CNN (Cable News Network). Superstation and CNN radically changed the nature of television broadcasting.