|Legal Name:||Cable News Network|
|Headquarters Regions:||Atlanta, Georgia, United States|
|Founded Date:||1 June 1980|
|Founders:||Ted Turner, Reese Schonfeld|
|Number of Employees:||3000+|
|Area served:||United States of America and world|
|Products of Company:||television channel|
|Net Worth in 2023:||$6 Billion|
CNN, a short word for Cable News Network, is a multinational television channel whose headquarters are in Atlanta. The legal owner of this channel is CNN Worldwide which is a unit of WarnerMedia News & Sports. The channel was founded by Ted Turner, an American media proprietor, and Reese Schonfeld in 1980. This made it the first television channel to provide news coverage 24 hours every day. It became the first television channel in the United States to cover news all through its broadcasting.
The network mainly covers breaking news, which has drawn criticism as being sensationalistic, thus accused of being of false balance. CNN covers over 212 countries.
Well, how well do you know about CNN? If not much, we have compiled all you need to know about CNN’s net worth in 2023, wiki and complete details. Well, if you’re all set, here is what we know about CNN to date.
CNN was launched on 1 June 1980 at 5.00 Eastern Time by Ted Turner and Reese Schonfeld. David Walker and Lois Hart, who are husband and wife, were the first newscast after introducing the network. The first vice president of CNN was Burt Reinhardt, who hired about 200 employees, Bernard Shaw being the first news anchor.
After its launch, CNN reached several satellite providers, websites, and channels such as CNN Airport. In total, the company has 42 bureaus that are 31 international and 11 domestic. The company also has over 900 affiliated local stations and a number of regional and foreign networks worldwide. In 1996 after the success of this channel, Ted Turner was made a bona-fide mogul as the founder.
A sister channel, CNN2, was launched on 1 January 1982, which, just like CNN, featured a 24-hour continuous cycle with 30 minutes of news broadcasting. Later, this channel’s name was changed to CNN Headline News or simply HLN. This channel’s main focus is live news coverage guided by personality-based programs in the evening and primetime hours.
In 1999, another CNN channel, CNN PLUS (CNN+), was launched as a 24-hour Spanish language television news. The idea of this channel was a joint venture by Turner Broadcasting and Sogecable. However, on 28 December 2010, CNN+ went off the air, after which the management announced that it would be closed on 31 December 2010
With the growth of CNN, it launched a website called CNN.com on 30 August 1995 but was initially called CNN Interactive. Within a short time, the site attracted growing interest among people and is currently one of the most visited websites in the world. The website’s growth has been influenced by the growth of blogs, user-generated content, and Social Media.
CNN.com was ranked third in April 2009 by Nielsen/NetRatings as an online global news site with unique users in the U.S. it had an increase of 11% from the previous year. Any paid subscription service, website, and content delivery to clients were called CNN Pipeline. However, this service was cut short in July 2007, and a free streaming service took over.
Early in 2008, Chinese hackers tagged CNN.com regarding the 2008 Tibetan unrest coverage of the channel. CNN Took preventive measures after the spread of the news about the website’s attack. That same year, CNN was lucky to receive Technology Engineering Emmy Awards.
This award was drawn back in 2001 when CNN Lisa Rose Weaver, one of its correspondents, covered the release of the U.S. Navy Crew. A new version of CNN.com was launched on 24 October 2009, which came with a sign-up option, and users were allowed to create their username and profile. Nevertheless, a lot of archives stories on this website were deleted.
For better services, CNN has had other digital offerings since 2008, where it maintained live broadcast to all cable and satellite subscribers. On YouTube, CNN has multiple channels, but the videos are only limited in the United States, which causes criticism among YouTube users worldwide. A radio version of CNN, TuneIn Radio, was launched in 2014.
CNN has also made acquisitions as it acquired Beme on 28 November 2016, amounting to $25 million. It also owns a film division, CNN Films, which was formed in October 2012.CNN has been in partnership with Columbia Media after the latter ended its links with ABC News Radio.
Awards & Achievements
Overall, CNN has been successful and has received quite a number of awards. In 1998, it was awarded the Four Freedom Award for its freedom of speech. In 2017, it received Prince Rainier III Special Prize. The company has also been awarded the Overseas Press Club of America David Kaplan Award in the best TV news reporting category. THE International Women’s Media Foundation also awarded CNN with the Courage Journalism Award.
Other awards received by CNN include; George Polk Award in 2018, Emmy Award in 2019, and Walter Cronkite Award in 2019.
Net Worth & Earnings of CNN in 2023
As of 2023, CNN has an estimated net worth of $6 billion. It earns its income from its broadcasting coverage is in over 212 countries. Also, it has formed film divisions that help to distribute and produce various documentaries. In the U.S., it has been able to launch several sister networks like CNN Airport, CNN-News 18, which also generate a considerable amount of income.
CNN has become one of the most popular television channels, which over 24-hour news coverage every day. It focuses on breaking news, be it politics, the environment, and any other current issues. Over the years, this network has grown and covers more than 212 countries all over the world. Although it has received certain criticisms, it remains one of the best networks on the toes to cover any emerging news in the world.
History is fine. But current status is misleading.
CNN has chosen to be the ever loyal mouthpiece for the Democratic Party.
They have also gone all-in on Trump Derangement Syndrome, bad-mouthing and battering Trump 24×7 during his presidencey. CNN has left the path of independant non-partisan journalism. Some hosts can even be regarded as hate-mongers, Lemon and Steler at the fore-front.
CNN is on a steep decline in viewers, loosing out to FoxNews big time – some days the highest ranking CNN news show ranks below the lowest ranking FoxNews show.