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Companies Started During Recession
By siliconindia
CNN
Cable News Network (CNN) was founded in 1980, during the 1980-82 recession by Ted Turner. The first channel to provide 24 hour news coverage, and the first all-news channel, CNN expanded to a number of cable and satellite TV channels. CNN now has over 26 bureaus, more than 900 affiliated local stations, with several regional and foreign-language networks around the world. CNN is a subsidiary of Time Warner, which merged with Turner Broadcasting in 1996. With a revenue of $638 million, Time Warner has seen CNN reach a cumulative audience of 85.7 million viewers in 2011.
