Word: cnn
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Dates: during 1980-1989
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...audience through the day. Most important to Turner, WTBS reaped $18 million last year in profits, and this year, he projects, it will garner $40 million. That is a significant fraction of the earnings of any of the Big Three networks, and probably sufficient for now to sustain CNN...
...alternative energy sources." Turner happily pays the bills for CNN's seven domestic bureaus and five foreign bureaus (Rome, London, Tel Aviv, Cairo and Tokyo). Total cost of running CNN: a substantial $51 million a year. But then, TV news is always an expensive business. ABC, NBC and CBS decline to reveal their news budgets, but industry sources say each spends about $150 million a year. A single installment of the weekday evening news costs at minimum about $200,000 and can range far higher; one report from Lebanon consumes about $4,000, not counting travel, editing and courier...
...Turner has concentrated on the business side of CNN, leaving news decisions largely to professional journalists. But some reporters' hackles were raised in mid-May when, after a power struggle...
Turner accepted the resignation of CNN'S first president, Reese Schonfeld, who has spent an estimable career developing alternatives to network news. One cause of the dispute was Schonfeld's decison to fire Interviewer Sandi Freeman, CNN'S most popular performer, who, Schonfeld said, was not a journalist. As soon as Schonfeld resigned, Turner started negotiating to get Freeman back. Turner kept Schonfeld on as a consultant and corporate board member, however, and as replacements he named a committee of key Schonfeld aides: Ed Turner (no relation), Burt Reinhardt and Robert Wussler, a tough-minded former president...
Turner appeared to contradict that hands-off policy in late May when he recorded his first CNN editorial, opposing violence in movies, and had it shown eleven times (plus ten airings on the Superstation). He attacked The Deer Hunter, a Viet Nam War drama, The Warriors, a fictional portrayal of New York City youth gangs, and especially Taxi Driver, the film that allegedly inspired John Hinckley's attempted assassination of President Reagan. Said Turner: "The people responsible for this movie should be just as much on trial as John Hinckley himself ... Write your Congressman and your Senator right away...