History of CNN (1980–2003) History of CNN (1980–2003) Cable News Network (CNN), an American basic cable and satellite television channel that is owned by the Turner Broadcasting System division of Time Warner, was founded in 1980 by Ted Turner and 25 other original members, who invested $20 million into the network. 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. This article discusses the history of CNN, beginning with the June 1980 launch of the channel. Four years before CNN's launch, in December 1976, Ted Turner turned his
CNN more than 900 affiliated local stations (which also receive news and features content via the video newswire service CNN Newsource), and several regional and foreign-language networks around the world. The channel's success made a bona-fide mogul of founder Ted Turner and set the stage for conglomerate Time Warner's eventual acquisition of the Turner Broadcasting System in 1996. A companion channel, CNN2, was launched on January 1, 1982 and featured a continuous 24-hour cycle of 30-minute news broadcasts. The channel, which later became known as CNN Headline News and is now known as simply HLN, eventually focused on live news coverage