History of CNN
The Cable News Network (CNN) is an American basic cable and satellite television channel owned by the CNN Worldwide division of Warner Bros. Discovery. Upon its launch, CNN became the first channel to provide 24-hour television news coverage, and was the first all-news television network in the United States. Founded as a subsidiary of Turner Broadcasting System in 1980 by Ted Turner and Reese Schonfeld, the channel helped pave the way for other Turner sister networks like Headline News (HLN), the channel with the same acronym TBS, Cartoon Network, etc. Its success set the stage for conglomerate Time Warner's acquisition of the parent company in 1996. Time Warner later became WarnerMedia after AT&T Inc.'s buyout in 2018. However, due to creative differences and debts, AT&T split from WarnerMedia as it merged with Discovery, Inc., forming Warner Bros. Discovery in 2022.
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