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Owner of CNN. CNN is technically owned by Turner Broadcasting System, Inc. (TBS). This means that, unsurprisingly, CNN is owned by Ted Turner, who of course founded and owns the collection of cable networks. Today TBS owns many channels domestically and internationally, along with many popular websites (such as SI.com, NBA.com, etc.). Ted Turner. Turner is the man behind TBS and thus CNN.
Rating Newest Oldest. Best Answer: Discovery Cable Stations is owned by Discovery Communications. Discovery Communications is a publicly listed joint-venture. The JV was started by John Malone (Liberty Media), Advance/Newhouse (e.g. Conde Naste, GQ, Wired), Cox Communications and the original CEO (John Hendricks).You can own part of Discovery Communications through Discovery Holdings, which Liberty Media (LMG.A) spun off.Like its progentor, it has two classes of stock (DISCA and DISCB). Discovery Holdings is listed on NASDAQ.iscovery Communications Inc. (DCI) is an American global media and entertainment company that began as a single channel, the Discovery Channel, launched in 1985.