preview

Turner Broadcasting Essay

Better Essays

Discussion of Turner Broadcasting Turner Broadcasting System is a division of Time Warner that creates, licenses and broadcasts entertainment, sports, new, and children’s programming in over 200 countries. Many of Turner’s brands are recognizable household stations including CNN, TNT, TBS, Cartoon Network and many more. Known as a media conglomerate because of its’ ownership of various subsidiary mass media entities, Time Warner competes with some of the largest companies in the World. The six major players in the media industry are all listed in the Fortune 500 , with the top companies being Comcast, The Walt Disney Company, and 21st Century Fox.
Broadcasting stations and media content creators have three major revenue streams. Advertisements …show more content…

The provision of entertainment can be done in many different ways, and each company has their own unique method of doing so. Turner Broadcasting has historically lacked innovation in the growing marketplace. They have had an adaptive growth strategy through delayed acquisitions, including historical acquisitions of Court TV and Legacy Film Properties and more recent acquisitions of Bleacher Report and iStreamPlanet. When John Martin took over as the CEO of Turner, however, he introduced a change in strategy called “Turner 2020”. Turner is now focusing on being the front runner and pioneer of innovative concepts. This begins with a consumer centric strategy focusing on content creation and the increased investment in internal projects. Additionally, Turner is working “to keep audiences engaged and bring (along) new viewers” while driving change in the industry. The resulting ownership, from Turner 2020, of innovative technology as well as creative intellectual property, generates various revenue creation streams. Turner has not eliminated the capability of adaptation, however, is creating an overwhelming focus on modernization. Shifting the focus of the company from adaptive to innovative will ideally guide Turner’s growth in the

Get Access