Chapter 758: A good opportunity to meddle in CNN

In the wealthy district of Atherton in the San Francisco South Bay, after practicing tai chi, Xia Yu took out the newspaper of the day from the mailbox by the door and walked along the cobblestone path to the villa while reading it.

This mansion is Xia Yu's home in San Francisco. He has just moved in three days ago, and before that, he had been living in a five-star hotel while an agency was responsible for re-decorating the house.

Atherton is a well-known wealthy district in the San Francisco South Bay, with complete infrastructure, so the housing prices here are relatively high.

This mansion, covering 1.88 acres (11.4 mu), is considered a first-class mansion in Atherton, and Xia Yu spent 1.7 million US dollars to purchase it.

However, after moving in, Xia Yu felt that the 1.7 million US dollars was well spent, and that this mansion would be worth at least 10 million US dollars in the future.

Xia Yu took a sip of warm milk, picked up a piece of pastry and put it in his mouth, while his eyes looked at the newspaper on the table.

Just then, a news article caught his eye, and Xia Yu's gaze sharpened as he read it carefully.

'Crazy Ted Turner! Sues the FCC!

The news article was about Ted Turner, the owner of Turner Broadcasting, who had taken the US Communications Commission to court. It also clearly explained the background, so that even readers who had not previously followed the story could understand it.

Ted Turner was a famous media mogul in the United States, running Atlanta TV and Channel 17 in the next city. His Turner Broadcasting was also an advertising giant in the southeastern United States, with a company value of 40 million US dollars.

Of course, compared to the three major American TV giants, Turner Broadcasting was still a child at the time.

The reason why Ted Turner attracted so much media attention was because what he did was just too unbelievable.

Before 1970, Ted Turner didn't even know anything about TV, but he spent 2.5 million US dollars to buy the loss-making Atlanta TV station, and after initial losses of several million US dollars, he managed to develop the station.

He also took a clear stance against news during his business operations. If it weren't for the American Communications Commission's requirement that US TV stations must broadcast more than seven hours of news every day, it is estimated that Turner's TV station would not have broadcast a single minute of news.

But even someone who is extremely opposed to news suddenly wanted to establish CNN when Turner Broadcasting was doing well, and continuously broadcast major domestic and international events 24 hours a day via satellite and cable.

The contrast was so great, it was a complete 180 degree turn!

Nowadays, everyone knows that there is no money to be made from television news. News programmes have always been a public service, in order to comply with the regulations of the American Communications Commission. But Turner wanted to do news, and it had to be broadcast 24 hours a day, rolling news, and it had to be profitable.

What was the biggest joke in the world? Furthermore, because of Turner's impatient personality and his many sharp criticisms of the media in the past, all the major television networks and media were ridiculing him to no end, waiting to see him fail.

Even within Turner Broadcasting, some employees came forward to accuse Ted Turner of ruining everyone.

The FCC's refusal to grant Turner Broadcasting the right to use satellites for transmission further hindered the implementation of Ted Turner's ideas.

Who knew that Ted Turner was so persistent that he directly sued the FCC in court? Now many media outlets are paying attention to this matter and the final outcome.

Many people are looking forward to Ted Turner's failure, because of his hot-tempered personality, he has offended too many people in the past! Not to mention things like business competition.

'Ted Turner...'

Xia Yu swallowed his snack and took a sip of milk, squinting his eyes slightly, a strange light flashed in his eyes.

Xia Yu, who came from the future, knew what would happen to Ted Turner in the future. There was no doubt that this time, he succeeded, not only winning the lawsuit, but also building up the Cable News Network.

And in the end, CNN became the largest cable news network in the United States, competing with the original three television network giants.

However, in 1996, Ted Turner sold CNN to Time Warner for 7.5 billion US dollars.

As for himself, he went to enjoy life, chase his dreams, and go sailing.

Now, at the lowest point in his life, he was on the verge of bankruptcy, having invested 35 million dollars of his own money and bank loans to get CNN off the ground.

If he lost the lawsuit against the FCC, he would lose everything.

The media questioned him, his peers mocked him, internal conflicts were rife, and there was pressure from the FCC. All kinds of pressures were weighing on him, and he had no way to retreat!

'At a time like this, if there is someone who can support his ideas and stand with him, he must be ecstatic!'

'I love doing things that help in times of need!'

Thinking about this, Xia Yu's mouth curved up in a smile, and he had already decided to go to Atlanta to give Ted Turner loving care.

Since he was going to work with Ted Turner, Xia Yu would be completely insincere if he didn't invest in his company!

It just so happened that his media empire really shouldn't be limited to the print media sector anymore!

After eating breakfast, Xia Yu took a car to Polaris Capital, and then ordered someone to gather all the information about Turner Broadcasting System, Inc. and Ted Turner within two days.

Driven by capital, Xia Yu wanted everything presented to him.

After reading it, he took a few subordinates and flew to Atlanta.

...

Atlanta is located in the eastern United States, on a plateau in the Appalachian foothills 350 metres above sea level. It is one of the three major highland cities in the United States, the ninth largest metropolitan area in the United States, and the capital and largest industrial and commercial city in the U.S. state of Georgia.

Atlanta was founded in the early part of the last century and existed as a railway hub. Although it was destroyed during the Civil War, it was quickly rebuilt after being chosen as the capital of Georgia.

This place, the birthplace and main place of activity of the black leader Martin Luther King, naturally became the centre of the American civil rights movement in the 1960s.

Atlanta is also home to ten of the wealthiest people in the United States, and many of them are worth more than ten million dollars.

Atlanta has a humid subtropical climate with four distinct seasons. It is currently April, which is a great time to travel.

When Xia Yu arrived in Atlanta, he could see flowers blooming everywhere, green grass and lush forests, and the air quality was very high.

Xia Yu is a senior member of the Hilton Hotel, so naturally he stayed at the Hilton Hotel when he arrived here. He then sent his subordinates out to find out the actual situation at Turner Broadcasting.

Although a thick stack of information has been collected, the information is time-sensitive and may not be 100% accurate now.

Fortunately, Ted Turner is a celebrity in Atlanta, and it is easy to find out about his whereabouts.

After reading the information, Xia Yu felt slightly relieved and planned to take the day off and go directly to his door tomorrow.