The Ownership entity behind CNN

The Ownership entity behind CNN

In a nutshell, CNN – a trailblazing American news network – is part of the Warner Bros. Discovery corporation, a ginormous media empire that encompasses brands like Discovery, Warner Bros, HBO, HGTV, and more. This colossal corporate giant churned out over $33 billion in revenue in 2022, with institutional investors holding significant stakes.

The majority shareholder of CNN is Advance/Newhouse Programming Partnership, shelling out approximately 70 million Series A common stocks and wielding 23% voting power. Another major player in the CNN game is The Vanguard Group, Inc., with around 50 million Series A and Series C common stocks and a 7.6% voting power. There are several other heavy hitters in the background, such as Morgan Stanley, BlackRock, Braham Capital, and Clearbridge Investments, to name a few.

CNN's journey began in 1980, when media mogul Ted Turner, with the help of journalist Maurice Wolfe "Reese" Schonfeld, flooded the airwaves with the first ever all-news television channel in the US. It was an immediate sensation, offering 24-hour news coverage that other networks envied. As copycat networks emerged, CNN stood its ground, solidifying its position as the news authority thanks to its globe-spanning coverage of major events.

Fast forward to the present day, and CNN expanded beyond you-know-what (TV) to cover numerous satellite, cable, and digital networks, as well as airport and affiliate stations worldwide. With offices spanning New York City, Fort Lauderdale, London, Sydney, San Mateo, Baltimore, and more, CNN continues to push the boundaries of journalism, aiming to innovate how news is delivered in the digital age.

General Enrichment Information:

• CNN's ownership transitioned when WarnerMedia and Discovery, Inc., merged to form Warner Bros. Discovery in 2021, with the deal being completed in 2022.
• CNN benefits from the resources, content libraries, and technological infrastructure of Warner Bros. Discovery.
• CNN's hard-hitting news strategy centers around providing comprehensive coverage, maintaining journalistic integrity, and expanding its reach across digital and traditional platforms.

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• Ownership of OpenAI, Airbnb, Google, Facebook, Apple, Amazon, Microsoft, Tesla, PayPal, Netflix, TikTok, YouTube, Twitter, Spotify, Nvidia, Snapchat, Uber, Shopify, Roblox, Twitch, and Zoom.

References:

[1] CNN. (2022). History of WarnerMedia. https://edition.cnn.com/cnneurope/asia/review/cnn-history/index.html[2] CNN. (2022). CNN launches international version on Sky. https://www.cnn.com/2010/BUSINESS/world/11/02/cnn.uk.sky/index.html[3] The Vanguard Group. (n.d.). About Us. https://www.vanguard.com/us/why-vanguard/who-we-are/about-us[4] BlackRock. (n.d.). About BlackRock. https://www.blackrock.com/corporate/en-us/who-we-are[5] WarnerMedia & Discovery combine to form Warner Bros. Discovery – Complete with New Name, Logo, and ViacomCBS Channel Lineup – Variety. (2021, May 27). https://variety.com/2021/tv/news/cbs-cbs-channels-warner-bros-discovery-1234951649/

1. With institutional investors holding significant stakes, the colossal Warner Bros. Discovery corporation boasted over $33 billion in revenue in 2022, a conglomerate also owning brands like Discovery, Warner Bros, HBO, HGTV, and more.
2. The majority shareholder of CNN, a subsidiary under this media empire, is the Advance/Newhouse Programming Partnership, holding approximately 70 million Series A common stocks and wielding 23% voting power.
3. Another major player in CNN's game is The Vanguard Group, Inc., owning around 50 million Series A and Series C common stocks and possessing a 7.6% voting power.
4. There are several other heavy hitters competing in the background, such as Morgan Stanley, BlackRock, Braham Capital, Clearbridge Investments, and others.
5. CNN, as the first all-news television channel in the US, was established in 1980 by media mogul Ted Turner and journalist Maurice Wolfe "Reese" Schonfeld, offering 24-hour news coverage that other networks envied.
6. As copycat networks emerged, CNN stood its ground, solidifying its position as the news authority thanks to its globe-spanning coverage of major events.
7. Fast forward to the present day, and CNN expanded its reach beyond television to cover numerous satellite, cable, and digital networks, as well as airport and affiliate stations worldwide.
8. With offices spanning New York City, Fort Lauderdale, London, Sydney, San Mateo, Baltimore, and more, CNN continues to aim to innovate how news is delivered in the digital age, while maintaining a hard-hitting news strategy.
9. In personal-finance and business strategy discussions, case studies on the ownership of companies like OpenAI, Airbnb, Google, Facebook, Apple, Amazon, Microsoft, Tesla, PayPal, Netflix, TikTok, YouTube, Twitter, Spotify, Nvidia, Snapchat, Uber, Shopify, Roblox, Twitch, and Zoom provide valuable insights for investors considering their options in the technology realm.

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