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Rupert Murdoch and Ted Turner (founder and former owner of CNN) are long-standing rivals. In late 2003, Murdoch acquired a 34% stake in Hughes Electronics, the operator of the largest American satellite TV system, DirecTV, from General Motors for $6 billion (USD). His Fox movie studio had global hits with Titanic and Avatar.
Apr 8, 2022 · Warner Bros. Discovery. New York CNN Business — Discovery’s merger with WarnerMedia took effect on Friday afternoon, creating a streaming media giant led by CEO David Zaslav. The deal combines...
May 17, 2021 · CNN is set to change corporate hands for the second time in just a few years as AT&T spins off all of WarnerMedia in a transaction with Zaslav’s Discovery, Inc.
Feb 28, 2022 · New York CNN Business —. Discovery on Monday confirmed that Chris Licht will become the new head of CNN when Discovery and WarnerMedia merge this spring . Discovery CEO David Zaslav said “we ...
Jun 7, 2023 · In 2022, it made around seven hundred and fifty million. “CNN, for Warner Bros. Discovery, is a reputational asset,” Licht told The Atlantic, when asked about the network’s struggles. “My ...
Feb 12, 2021 · It's complicated. Even as CNN’s parent company AT&T tries to position itself for a new era, the list of people who are seen as capable of running a major television news organization is short ...
May 12, 2023 · Today, CNN is owned by Warner Bros. Discovery, which has big plans for the network's future. And with its extensive coverage of business, tech, and global news, CNN will likely remain a household name for years to come. Labels:
