Being an excellent source of entertainment, CNN is a familiar name. The American channel is not only a basic cable but also a satellite television news channel. To distinguish it from its international sister channel which goes by the name CNN International, it has other names. They are two namely CNN Domestic and CNN/U.S. How did it come into existence? What is the wealth of such a big company? The only way to find out is to continue reading. The piece talks about the inception, evolution, achievements and the net worth of CNN in 2020.
The great mind behind CNN is none other than Ted Turner. He is a renowned media proprietor. His idea of CNN saw the light of the day in 1980. The specific date and time are 5:00 p.m. Eastern Time on 1st June of the year mentioned above. As soon as Turner introduced it briefly, its first newscast commenced. The anchors were a famous couple, David Walker together with Lois Hart. Did you know that Bernard Shaw was the first news anchor that CNN hired? It is the executive vice president, Burt Reinhardt who hired him among other 200 members of staff.
It offered its services day and night. The channel had many affiliates. However, its main broadcast was from New York City’s Time Warner Center. Other major studios were in Los Angeles as well as Washington, D.C. People are glad that it came into existence.
Going by statistics, CNN’s growth is remarkable. As of 2010, there are 100 million households in the United States which use it. In addition to that, there are 890 thousand hotel rooms that follow suit. Equally important, it is the carriage on satellite as well as cable all over Canada. That was a significant milestone three decades after its inception.
Five years down the line, the reception was even bigger and better. A population of almost 10 million rely on CNN for cable, satellite as well as telco-television. That is for the CNN of the United States. For the CNN International, it is relatively broad. Its viewers are in more than 212 nations.
First of all, CNN has covered significant events. They covered the Gulf War, September 11 attacks and both the 2008 and 2016 U.S. election. Over the years, it has received awards and accolades. They include the Four Freedom Award and the Prince Rainier II Special Prize. This year, CNN has earned the George Polk Award and the Overseas Press Club of American David Kaplan Award.
Net Worth & Earnings
The net worth of CNN is about $5 billion. That is according to the likes of renowned media analysts such as Marci Ryvicker and Kannan Venkateshwar of Wells Fargo and Barclays, respectively. That doesn’t come as a surprise because many people who use CNN services. Before taxes, the amount ranges between $6 and $7 billion. The reception keeps increasing. Therefore, the amount is bound to rise as well.
It is now no longer a secret that CNN is one of the wealthiest cable stations. When it comes to total daytime viewers, it ranks the second. It comes after Fox but before Headline News as well as MSNBC. Whether it leads in the list is an answer that only time can tell. Nevertheless, it is still performing well. It is worth considering for the people who seek entertainment and news.