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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.
That's consolidated from 50 companies back in 1983. NOTE: This infographic is from last year and is missing some key transactions. GE does not own NBC (or Comcast or any media) anymore. So that 6th company is now Comcast. And Time Warner doesn't own AOL, so Huffington Post isn't affiliated with them. But the fact that a few companies own everything demonstrates the illusion of choice, Frugal Dad says. While some big sites, like Digg and Reddit aren't owned by any of the corporations, Time Warner owns news sites read by millions of Americans every year. Here's the graphic: Frugal Dad.