Now here's a TV company that really knows how to network. Turner Broadcasting System (TBS) is a leading operator of cable TV networks. Its portfolio includes Turner Network Television (TNT), the TBS Superstation, and cable news service CNN. TBS also operates truTV, Cartoon Network, Turner Classic Movies, and HLN. In addition, the company oversees websites related to its TV properties (such as CNN.com and CNNMoney.com). Through an agreement with NASCAR, it also runs stock car racing information portal NASCAR.com. Founded by broadcasting pioneer R.E. "Ted" Turner, TBS is the primary cable TV subsidiary of media titan Time Warner.
Turner operates more than 180 channels globally.
Turner's digital media businesses include sports news website Bleacher Report. Like its television networks, the company's digital media properties generate the bulk of revenues from the sale of advertising and sponsorships. In addition, Turner manages and operates sports league digital properties in conjunction with its associated television rights, such as NBA Digital and NCAA.com.
The company reported $10.6 billion in revenue for fiscal 2015. That was an increase of 2% compared to Turner's revenue the previous fiscal year.
The company's TV channels have enjoyed significant success in recent years, boasting some of the biggest audiences on cable. TNT has built a loyal audience through a focus on dramatic series and movies, including several popular syndicated programs.
Mergers and Acquisitions
In fiscal 2015 Turner acquired live event streaming service iStreamPlanet. The company plans to continue to invest in its digital businesses.