Oct
01
1995

The Power of the Cable Trust

One can hardly find a better illustration of the dangers of media monopoly than the relationship between Time Warner, TCI and CNN. CNN is generally thought of as the property of Ted Turner. In fact, to raise money in the 1980s, Turner sold a large stake in Turner Broadcasting--which owns CNN and other cable channels--to the cable system operators that carry the channels. The largest of these outside owners are Time Warner and Tele-Communications Inc. (TCI), the two largest cable system operators, which jointly control cable access to almost half of the U.S. homes that have cable. TCI President John […]