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 Department had demanded the divestment of CNN at all (stating that he had "never been told that the price of getting the deal done was selling CNN"), and that the company aimed to "get to a negotiated settlement". However, he stated that if they were unable to do so, AT&T was "prepared to litigate". In a statement to CNBC, a Department of Justice official backed Stephenson, denying that there were any specific demands to divest CNN during the discussion, and considering the claims to be "shocking" and an attempt to politicize the situation. The official added that the Department had