Robert Edward "Ted" Turner III (born November 19, 1938) is an American media mogul and philanthropist. As a businessman, he is known as founder of the Cable News Network more popularly known as CNN, the first 24-hour cable news channel. In addition, he founded WTBS, which pioneered the superstation concept in cable television. As a philanthropist, he is known for his $1 billion gift to support the United Nations, which created the United Nations Foundation, a public charity to broaden support for the UN. Turner serves as Chairman of the United Nations Foundation board of directors.