TBS meaning in Business ?

Answer:

What is Turner Broadcasting System, Inc. mean?

Turner Broadcasting System, Inc. (abbreviated as Turner) is an American television and media conglomerate, part of AT&T's WarnerMedia. Founded by Ted Turner and based in Atlanta, Georgia, it merged with Time Warner on October 10, 1996. Among its main properties were its namesake TBS, TNT, CNN, and TruTV. It also licensed or had ownership interests in international versions of these properties. The headquarters of Turner's properties are located in both the CNN Center in Downtown Atlanta, and the Turner Broadcasting campus off Techwood Drive in Midtown Atlanta, which also houses Turner Studios.

The company was known for several pioneering innovations in U.S. multichannel television, including its satellite uplink of local Atlanta independent station WTCG channel 17 as one of the first national "superstations", and its establishment of CNN—the first 24-hour news channel.

On June 14, 2018, Time Warner was acquired by telecom firm AT&T and renamed WarnerMedia. On March 4, 2019, AT&T announced a major reorganization of WarnerMedia that effectively dissolves Turner as an operational business unit, by dispersing some of its properties into two new divisions — WarnerMedia Entertainment (consisting of Turner's entertainment cable channels and HBO, but excluding TCM) and WarnerMedia News & Sports (CNN, Turner Sports, and the AT&T SportsNet regional sports networks) — while transferring others to fellow WarnerMedia division Warner Bros. (Cartoon Network, Adult Swim, and TCM). The "Turner" corporate brand had also been phased out in relation to these networks. WarnerMedia refolded Turner's entertainment-based networks under a singular umbrella unit on August 10, 2020, through a consolidation of the WarnerMedia Entertainment and Warner Bros. Entertainment assets into a new unit, WarnerMedia Studios & Networks Group. As of 2020, AT&T still reports the financial results for WarnerMedia's ad-supported cable networks under the Turner business unit.

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