| Ted Turner | |
|---|---|
Turner in 2007 |
|
| Born | Robert Edward Turner III November 19, 1938 Cincinnati, Ohio, United States |
| Residence | United States |
| Nationality | American |
| Education | The McCallie School |
| Alma mater | Brown University |
| Occupation | Media tycoon |
| Known for | founder of TBS and CNN, former owner of the Atlanta Braves, WCW, Ted's Montana Grill, philanthropy |
| Home town | Atlanta, Georgia |
| Net worth | $2.1 billion[1] |
| Political party | Democrat |
| Spouse | Julia Gale Nye (1960–1964) Jane Shirley Smith (1965–1988) Jane Fonda (1991–2001) |
| Children | Laura Lee, Robert Edward IV, Rhett, Beauregard, Jennie |
| Parents | Florence (nee Rooney) Turner, Robert Edward Turner II |
| Website | |
| Official website | |
Robert Edward "Ted" Turner III (born November 19, 1938[2]) is an American media mogul and philanthropist. As a businessman, he is known as founder of the cable news network CNN, the first dedicated 24-hour cable news channel. In addition, he founded WTBS, which pioneered the superstation concept in cable television. As a philanthropist, he is known for his $1 billion gift to support UN causes, which created the United Nations Foundation, a public charity to broaden support for the UN. Turner serves as Chairman of the United Nations Foundation board of directors.[3]
Turner's media empire began with his father's billboard business, which he took over at 24 after his father's suicide.[4] The business, Turner Outdoor Advertising, was worth $1 million when Turner took it over in 1963. Purchase of an Atlanta UHF station in 1970 began the Turner Broadcasting System. Cable News Network revolutionized news media, covering the Space Shuttle Challenger disaster in 1986 and the Persian Gulf War in 1991. Turner turned the Atlanta Braves baseball team into a nationally popular franchise and launched the charitable Goodwill Games. He helped reinvent interest in professional wrestling when he owned one of the most popular wrestling companies of the middle to late 1990s known as World Championship Wrestling (WCW). The Monday night show that it put on was the highest rated on cable and helped boost Turner's channels of TNT and WTBS.
Turner's penchant for controversial statements earned him the nicknames "The Mouth of the South" and "Captain Outrageous".[5][6] Turner has also devoted his assets to environmental causes. He was the largest private landowner in the United States until John C. Malone surpassed him in 2011.[7][8] He uses much of his land for ranches to re-popularize bison meat (for his Ted's Montana Grill chain), amassing the largest herd in the world. He also created the environmental-themed animated series Captain Planet and the Planeteers.
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Turner was born in Cincinnati, Ohio, the son of Florence (née Rooney) and Robert Edward Turner II, a billboard magnate.[9] When he was nine, his family moved to Savannah, Georgia. He attended The McCallie School, a private, boys' preparatory school in Chattanooga, Tennessee. Turner attended Brown University and was vice-president of the Brown Debating Union and captain of the sailing team. He became a member of Kappa Sigma. Turner initially majored in Classics. Turner's father wrote saying that his choice made him "appalled, even horrified," and that he "almost puked."[10] Turner later changed his major to Economics, but he was expelled before receiving a diploma for having a female student in his dormitory room.[11] Turner was awarded an honorary B.A. from Brown University in November 1989 when he returned to campus to keynote the National Association of College Broadcasters second annual conference.
Turner entered sailing competitions when he was 12, at the Savannah Yacht Club, and competed in Olympic trials in 1964. He appeared on the cover of Sports Illustrated on July 4, 1977 after being chosen to lead the 1977 America's Cup defense as skipper of the yacht Courageous. He had purchased the boat after its 1974 America's Cup victory.[12] On September 18, 1977, he successfully defended the America's Cup, defeating Australia 4-0.[13] He was inducted into the America's Cup Hall of Fame in 1993, and the National Sailing Hall of Fame in 2011.
In the 1979 Fastnet race, in a storm that killed 15 participants, he skippered Tenacious to a corrected-time victory.[14]
Turner once called observers of Ash Wednesday "Jesus freaks," though he apologized,[15] and dubbed opponents of abortion "bozos."[15]
In 2008, Turner explained he not only regretted these statements but said he had made peace with organized religion and had joined with the Evangelical Lutheran Church in America, the Lutheran Church - Missouri Synod and the United Methodist Church to fight malaria.[16] In a 2008 MSNBC interview, Turner stated that he no longer considers himself atheist or agnostic, and prays for sick friends, but keeps it short because "I don't want to load up the wires."[17]
Turner caused a stir in Montana in 2003 by funding a project to restore westslope cutthroat trout to Cherry Creek and Cherry Lake. The controversy stemmed from the poison antimycin used to kill fish in the stream.[18]
In 2008, Turner also received attention when he asserted on PBS's Charlie Rose television program that if steps are not taken to address global warming, within 30 to 40 years "most of the people will have died and the rest of us will be cannibals." Turner also said in the interview that he advocated drastically cutting the U.S. military budget and Americans having no more than 2 children.[19]
He joked about banning men from public office: "Men should be barred from public office for 100 years in every part of the world... The men have had millions of years where we've been running things. We've screwed it up hopelessly. Let's give it to the women."[20]
After leaving Brown University, Turner returned to the South in late 1960 to become general manager of the Macon, Georgia branch of his father's business. Following his father's March 1963 suicide, Turner became president and chief executive of Turner Advertising Company when he was 24[4] and turned the firm into a global enterprise. He joined the Young Republicans but said "he felt at ease among these budding conservatives and was merely following in Ed Turner's far-right footsteps," according to "It Ain't As Easy As It Looks."
During the Vietnam War Era, Turner’s business prospered; it “had virtual monopolies in Savannah, Macon, Columbus, and Charleston” and was “the largest outdoor advertising company in the Southeast,” according to "It Ain’t As Easy As It Looks". The book observed that Turner “discovered his father had sheltered a substantial amount of taxable income over the years by personally lending it back to the company” and “discovered that the billboard business could be a gold mine, a tax-depreciable revenue stream that threw off enormous amounts of cash with almost no capital investment.” In the late 1960s, Turner used the profits to buy Southern radio stations.
In 1969, he sold his several radio stations to buy a defunct television station in Atlanta on Channel 17. At the time, UHF stations only did well in markets without VHF stations, like Fresno, California, or in markets with only one station on VHF. Independent UHF stations were not ratings winners or that profitable even in larger markets, but Turner had the foresight that this would change as people wanted more than several choices. He put the station back on the air with the call sign WTCG. Initially, the station ran old movies from the 1930s, 1940s and 1950s, along with theatrical cartoons and very old sitcoms and old drama shows. As better syndicated product fell off the VHF stations, Turner would pick it up for his station at a very low price. WTCG ran mostly second- and even third-hand product of the time, including fare such as Gilligan's Island, I Love Lucy, Star Trek, Hazel, and Bugs Bunny. WTCG acquired rights to telecast the Atlanta Braves baseball games in 1973. Turner also purchased UHF Channel 36 WRET (now WCNC) in Charlotte, North Carolina and ran it with a format similar to WTCG.
In 1976, the FCC allowed Turner’s WTCG to use a satellite to transmit content to local cable TV providers around the nation. On December 17, 1976, the rechristened WTCG-TV Super-Station began to broadcast old movies, situation comedy reruns, cartoons, and sports nationwide to cable-TV subscribers. As cable systems developed, many carried his station to free their schedules. This increased his viewers and advertising. Subscribers eventually reached two million subscribers and Turner's net worth rose to $100 million. He bought a 5,000-acre (20 km2) plantation in Jacksonboro, South Carolina for $2 million.
In 1978, Turner struck a deal with a student-operated radio station at MIT, Technology Broadcasting System to obtain the rights to the WTBS call sign for $50,000. This allowed Turner to strengthen the branding of his "Super-Station" using the acronym TBS; Turner Communications Group was renamed Turner Broadcasting System and WTCG was renamed as WTBS.
In 1976, Turner bought the Atlanta Braves and Atlanta Hawks partially to provide programming for WTCG. Using the rechristened WTBS' superstation status to beam Braves games into nearly every home in North America, Turner made the Braves a household name even before their run of success in the 1990s and early 2000s. At one point, he suggested to pitcher Andy Messersmith who wore number 17, that he change his surname to "Channel" to promote the television station.
In 1986, Turner founded the Goodwill Games. Broadcasting the events of these games provided his superstation the ability to provide Olympics-style sports programming that had only been offered by one of the three major networks (ABC, CBS and NBC) up to that time.
Turner Field, first used for the 1996 Summer Olympics as Centennial Olympic Stadium and then converted into a baseball-only facility for the Braves, is named after him.
Turner created CNN in 1980. He said: "We won't be signing off until the world ends. We'll be on, and we will cover the end of the world, live, and that will be our last event... we'll play 'Nearer, My God, to Thee' before we sign off."
After five years, CNN outgrew its home, a former country club on the outskirts of Midtown, Atlanta. Turner purchased the Omni International from developer Tom Cousins and moved CNN there. The complex was rechristened the CNN Center. As Omni International, the complex had never succeeded. Cousins sold it to Turner along with the Atlanta Hawks. CNN moved into the end of the tower that once housed The World of Sid and Marty Krofft. Turner was instrumental in the revival of Atlanta's downtown.
After a failed attempt to acquire CBS, Turner purchased the film studio MGM/UA Entertainment Co. from Kirk Kerkorian in 1986 for $1.5 billion. Following the acquisition, Turner had an enormous debt and sold parts of the acquisition. MGM/UA Entertainment was sold back to Kirk Kerkorian. The MGM/UA Studio lot in Culver City was sold to Lorimar/Telepictures. Turner kept MGM/UA's pre-May 1986 and pre-merger film and TV library, which included nearly all of MGM/UA's material made before the merger, and a small portion of United Artists' film and TV properties (which included few UA pictures, the TV series Gilligan's Island, the RKO Radio Pictures library, and the pre-1950[21][22] Warner Bros. library and the Fleischer and Famous Studios Popeye cartoons that both were once the property of Associated Artists Productions, which merged with UA Television in 1958).
Turner used these to add cable channels. In 1988, he introduced Turner Network Television (TNT) with Gone with the Wind. TNT, initially older movies and television shows, added original programs and newer reruns. Since launch in 1994, Turner Classic Movies broadcast the older Warner Bros, RKO, and MGM libraries. TNT used World Championship Wrestling (WCW) to attract a broader audience.
In 1992, the MGM library, which included Warner Brothers properties including the early Looney Tunes and Merrie Melodies libraries and also the Fleischer Studios and Famous Studios Popeye cartoons, became the core of Cartoon Network. A year before, Turner's companies purchased Hanna-Barbera Productions (whose longtime parent, Taft/Great American Broadcasting, had been headquartered in Turner's original hometown of Cincinnati), adding additional content. With the 1996 Time Warner merger, the channel's archives gained the later Warner Bros. cartoon library.
In the mid-1980s, Turner became a force for the colorization of black-and-white films. In 1985, the film Yankee Doodle Dandy became the first black-and-white movie redistributed in color after computer coloring. Despite opposition by film aficionados, stars, and directors, the movie won over a section of the public,[23] and Turner colorized a majority of films that he had owned. However, in the mid-1990s, the cost led Turner to abandon the idea. In contrast with TNT, TCM has shown the unaltered versions of films.
Turner Entertainment Co. was established in August 1986 to oversee film properties owned by Ted Turner. In 1988, Turner purchased Jim Crockett Promotions which he renamed World Championship Wrestling (WCW) which became the main competitor to Vince McMahon's World Wrestling Federation (WWF). In 2001, under AOL Time Warner, it was sold to the World Wrestling Federation.
In 1989, Turner created the Turner Tomorrow Fellowship for fiction offering positive solutions to global problems. The winner, from 2500 entries worldwide, was Daniel Quinn's Ishmael.
In 1990, he created the Turner Foundation, which focuses on philanthropic grants in environment and population. In the same year he created Captain Planet, an environmental superhero. Turner produced two TV series with him as featured character. Turner appeared in Gettysburg as Colonel Waller T. Patton in 1993 and reprised the role in the 2003 prequel Gods and Generals; he produced both films.
In 1993, Turner and Russian journalist Eduard Sagalajev founded The Moscow Independent Broadcasting Corporation. This corporation operated the sixth frequency in Russian television and founded the Russian channel TV-6. The company was later purchased by Russian businessman Boris Berezovsky and an unknown group of private persons. In 2007 the license for TV-6 had expired and there was no application for renewal.
Turner Broadcasting System, Inc merged with Time Warner, Inc. on October 10, 1996, with Turner as vice chairman and head of Time Warner and Turner's cable networks division.[24] Turner was dropped as head of cable networks by CEO Gerald Levin but remained as Vice Chairman of Time Warner. He resigned as Time Warner vice chairman in 2003 and then from the board of directors in 2006.
On January 11, 2001, Time Warner was purchased by AOL to become AOL Time Warner, a merger which Turner initially supported. However, the burst of the dotcom bubble hurt the growth and profitability of the AOL division which in turned dragged down the combined company's performance and stock price. At a board meeting in fall 2001, Turner's outburst against AOL Time Warner CEO Gerald Levin eventually led to the latter's announced resignation effective in early 2002, being replaced by Richard Parsons. In contrast to Levin who as CEO isolated Turner from important company matters, Parsons did invite Turner back to provide strategic advice although Turner never received an operational role that he sought.[25] The company dropped "AOL" from its name in 2003. In December 2009, AOL was spun off from the Time Warner conglomerate as a separate company.
Turner was Time Warner's biggest individual shareholder. It is estimated he lost as much as $7 billion when the stock collapsed in the wake of the merger. When asked about buying back his former assets, he replied that he can't afford them now.[26]
Turner has a long running grudge with fellow cable magnate Rupert Murdoch. This originated in 1983 when a Murdoch-sponsored yacht collided with Turner's boat during the Sydney to Hobart Yacht Race causing it to sink 10 km from the finish line. At the post-race dinner Turner savaged Murdoch, later challenging him to a televised fistfight in Las Vegas.[27] In 2003, Turner challenged Murdoch to a fistfight, and later accused Murdoch of being a "warmonger" as Murdoch was backing President George W. Bush's invasion of Iraq.
For most of his first decade as owner of the Braves, Turner was a very hands-on owner. He said, "Managing isn't that difficult; you just have to score more runs than the other guy." In 1977, he sent manager Dave Bristol on a "scouting trip" so Turner could manage the Braves; he ran the team for one game (a loss) before National League president Chub Feeney told him managers are forbidden to own financial interest in their club. In the mid-1980s Turner began leaving day-to-day operations to the baseball operations staff.
In 1991, Turner became the first media figure to be named Time magazine's Man of the Year.
He used to be America's largest private landowner, owning approximately two million acres (8,000 km2), greater than the land areas of Delaware and Rhode Island combined. According to documentary filmmaker Michael Moore, Turner's land has a higher gross domestic product than Belize. He has the largest private bison herd, with 50,000 head. In 2002, Turner co-founded Ted's Montana Grill, a burger restaurant chain specializing in bison meat.[28]
Under his ownership, World Championship Wrestling became the only federation to outrate and outsell the McMahon family and their World Wrestling Federation. This event brought about a rise in popularity to professional wrestling and is now known as the Monday Night Wars. WCW television ratings were also heavily competing with ABC's Monday Night Football.
After the American-led boycott of the 1980 Summer Olympics, Turner founded the Goodwill Games as a statement for peace through sports.
In 1990, the American Humanist Association named Turner the Humanist of the Year.
In 1998, Turner pledged to donate $1 billion of his then $3 billion to United Nations causes, and created the United Nations Foundation to administer the gift. The foundation "builds and implements public-private partnerships to address the world’s most pressing problems, and broadens support for the UN through advocacy and public outreach." In 2006, the foundation delivered its billionth dollar to UN causes — $600m of which came from Turner and $400m from public and private partners. Turner has pledged to use the remaining $400m of his commitment to leverage additional funds for UN causes and activities.
Turner served in the United States Coast Guard. He is also a recipient of the Albert Schweitzer Gold Medal for Humanitarianism.
In 2006, Turner received the Bower Award for Business Leadership from The Franklin Institute.[29]
Turner was inducted into the Junior Achievement U.S. Business Hall of Fame on April 26, 2007.
On September 19, 2006, Turner said in a Reuters Newsmaker conference, of Iran's nuclear position: "They're a sovereign state. We have 28,000. Why can't they have 10? We don't say anything about Israel — they've got 100 of them approximately — or India or Pakistan or Russia." A proponent of Obama’s healthcare bill, Turner has said: “We’re the only first world country that doesn’t have universal healthcare and it’s a disgrace.”[30]
In 2010, in the wake of both the Upper Big Branch Mine disaster in West Virginia on 5 April that killed 29 miners and on the Deepwater Horizon oil spill in the Gulf of Mexico that killed 11 roughnecks on April 20, Turner stated on CNN that "I'm just wondering if God is telling us He doesn't want to drill offshore. And right before that, we had that coal mine disaster in West Virginia where we lost 29 miners ... Maybe the Lord's tired of having the mountains of West Virginia, the tops knocked off of them so they may get more coal. I think maybe we ought to just leave the coal in the ground and go with solar and wind power and geothermals..."[31]
Turner claims to have predicted the demise of newspapers 30 years ago and has called print journalism “an obsolete way of distributing information.”[30]
In the 1997 biography It Ain't As Easy as It Looks by Porter Bibb, Turner discussed his use of Lithium and struggles with manic depression. In 2008, Turner wrote Call Me Ted, which documents his career and personal life.
Turner has been married and divorced three times: to Judy Nye (1960–64), Jane Shirley Smith (1965–88), and actress Jane Fonda (1991–2001). He has five children.[32]
Through Turner Enterprises, he owns 15 ranches in Kansas, Montana, Nebraska, New Mexico, Oklahoma, and South Dakota.[33][34] Totaling 1,910,585 acres (7,731.86 km2), his US land-holdings make Turner one of the largest individual landowners in North America (by acreage).[34]
Turner's biggest ranch is Vermejo Park Ranch in New Mexico. At 920 square miles (2,400 km2), it is the largest privately owned, contiguous tract of land in the United States.[35]
Turner sponsors the Public forum debate of the National Forensic League.
On December 8, 2010, Turner joked that he is "almost to the edge of poverty," being down to just a few million dollars left out of his previous fortune of billions, or so he told the hosts of MSNBC's morning news show Morning Joe.[36] In reality, though Turner's fortune is significantly less than it was at its peak, it still measures in the billions.[37]
| Sporting positions | ||
|---|---|---|
| Preceded by Dave Bristol |
Atlanta Braves Manager one game in 1977 |
Succeeded by Dave Bristol |
| Preceded by Bill Bartholomay |
Atlanta Braves President 1976–1986 |
Succeeded by Stan Kasten |