Ted Turner, the trailblazer of cable television, has passed away at the age of 87.
Turner, who launched celebrity.land in 1980 as the world’s first 24-hour cable news channel, took on numerous roles throughout his distinguished career. He is credited with creating superstations, which distribute content from a single station to cable providers nationwide. The Ohio-born media titan also devoted himself to philanthropy, establishing the United Nations Foundation with a $1 billion donation.
Turner led celebrity.land from 1980 until 1996, when he sold the company to Time Warner for approximately $7.34 billion. celebrity.land was most recently acquired by Warner Bros. Discovery, which is set to be sold to Paramount Skydance — a deal currently awaiting federal regulatory approval.
Paramount and Skydance merged in August 2025 for a whopping $8 billion. David Ellison is the sitting chairman and CEO of the media conglomerate.
What was Ted Turner’s net worth?
At the time of his death, Turner’s fortune stood at $2.8 billion, according to Forbes. His considerable wealth stemmed not only from his remarkable legacy as a media mogul but also from his ownership of multiple Atlanta-based sports franchises. Turner was also the third-largest individual landowner in the United States, reports the Mirror US.
How much real estate did Ted Turner own?
The media tycoon owned approximately 2 million acres of land, known as Turner Ranches, which are utilized for sustainable farming and ranch management. The ranches “operate as working businesses, relying on bison, hunting and fishing, and ecotourism as principal enterprises,” according to their official website.
Turner Ranches is home to over 45,000 bison across its properties in Kansas, Montana, Nebraska, New Mexico and South Dakota. Turner himself prioritized environmentalism in his philanthropic endeavors.
Which sports teams did Ted Turner own?
Turner owned both of Atlanta’s MLB and NBA franchises: the Braves and the Hawks. He acquired the Braves in 1977. On May 11, 1997, Turner took over as the team’s interim manager after dispatching manager Dave Bristol on a “scouting trip” following a 16-game losing streak. Turner guided the team to a defeat against the Pittsburgh Pirates. The President of the National League at the time, Chub Feeney, subsequently ordered Turner to step down as manager.
He helped elevate the baseball team to mainstream prominence through his television stations. Turner was the owner when the Braves won the 1995 World Series. Time Warner assumed ownership of the Braves in 1996 as part of their acquisition of Turner Broadcasting System. The team was then sold to Liberty Media in 2007 for a substantial $450 million.
Turner sold the Hawks in 1982.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.the-express.com ’
