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To understand Turner’s financial status is to understand the arc of modern media itself. Born in 1938, Turner inherited a struggling billboard advertising business from his father. However, he possessed a visionary’s gaze toward a nascent technology: satellite television. While others saw a tool for distribution, Turner saw a tool for ubiquity. In 1976, he launched WTBS, the predecessor to the super-tanker CNN, via satellite transmission from Atlanta. This technical gambit allowed him to bypass the local cable monopolies that restricted the major networks. The financial risk was immense; he mortgaged everything he owned to fund the transponder costs. Yet, this move laid the groundwork for a revolution. Where newspapers and evening broadcasts dictated the news, Turner proposed that news could be a continuous, 24-hour stream. This shift was not merely a change in format; it was a change in the psychology of the public, creating a nation that was perpetually "in the know," for better or worse.
