Who Owns CNN?

Cable News Network (CNN) is an American news multinational founded in 1980 by media mogul Ted Turner and Reese Schonfeld. CNN is part of Warner Bros. Discovery, a massive group comprising brands such as Discovery, Warner Bros, HBO, HGTV, Food Network, and many others. The Warner Bros. Discovery group generated over $33 billion in revenue in 2022, primarily owned by institutional investors.

Advance/Newhouse Programming Partnership

Advance/Newhouse Programming Partnership is the majority shareholder of CNN with around 70 million in Series A common stock and 23% voting power.

The shareholder is part of Advance/Newhouse group, a diversified group of privately-owned media companies that operates Condé Nast among others.

BlackRock Inc.

BlackRock is a multinational investment company that was founded in New York City in 1988. In January 2022, BlackRock was the largest asset manager in the world and surpassed $10 trillion in assets under management (AUM).

BlackRock invests funds on its clients’ behalf and because of its vast size, it becomes a majority shareholder in many companies that are competitors. Tech companies Apple and Microsoft and financial services firms JPMorgan Chase and Wells Fargo are two examples.

Braham Capital Corp

Braham Capital Corp. is an investment advisor and hedge fund that is also based in New York. According to the company’s LinkedIn page, “Brahman looks to invest at a point of change, behind truly transformative CEOs with a quantifiable track record of creating shareholder value at companies they lead.”

Braham utilizes a unique long strategy with a short portfolio that contains single-name, alpha-generating stocks managed by a dedicated team.

Clearbridge Investments, LLC

Clearbridge Investments is a global equity manager that delivers long-term results via active management. The company’s investment decisions are underpinned by in-depth fundamental analysis, differentiated stock selection, and a collaborative, team-based culture.

Clearbridge has offices in New York City, Fort Lauderdale, London, Sydney, San Mateo, and Baltimore.

Hotchkis and Wiley Capital Management, LLC

Hotchkis and Wiley is a global investment manager that relies on value investing over a long period. The company was founded in 1980 by George Wiley and John Hotchkis who shared the belief that the key to discovering undervalued securities was disciplined, independent analysis.

To that end, the firm prioritizes future cash flows and companies with strong balance sheets, robust business models, and shareholder-friendly capital allocation.

Morgan Stanley

American multinational investment and financial services firm Morgan Stanley is also a significant CNN shareholder at the time of writing. The company was founded in 1935 by Henry Sturgis Morgan, Harold Stanley, and others in response to a new law that required American commercial and investment banking firms to be split.

The Vanguard Group, Inc

The Vanguard Group holds around 50 million Series A and Series C common stock and 7.6% voting power. Based in Malvern, Pennsylvania, Vanguard has around $7.2 trillion in AUM across primarily exchange-traded funds (ETFs) and mutual funds.

In addition, the company offers financial planning, trust, brokerage, educational account, and other asset management services. Vanguard was founded by the legendary business magnate, investor, and philanthropist John C. Bogle.

Key takeaways:

Cable News Network (CNN) is an American news multinational that was founded in 1980 by media mogul Ted Turner and Reese Schonfeld.
Advance/Newhouse Programming Partnership is the majority shareholder of CNN with around 70 million in Series A common stock and 23% voting power. The Vanguard Group is also a significant CNN shareholder.
Other CNN shareholders include Morgan Stanley, Hotchkis and Wiley, Braham Capital, and Blackrock.