Ted Turner, Creator of CNN, Has Died at 87
5/6/20262 min
Plus: Disney’s new CEO lays out his vision for the company. And Chinese AI lab DeepSeek seeks to raise money at a $50 billion valuation. Alex Ossola hosts.
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Alex Ossola· Host0:14
[calm music] Here is your midday brief for Wednesday, May 6th. I'm Alex Osula for the Wall Street Journal. Ted Turner, who revolutionized television by founding CNN and ushering in the 24-hour news cycle, died today at age 87. A spokesman confirmed the death of the billionaire philanthropist and conservationist, who was one of the largest US landowners. Turner is remembered for building a cable empire and pledging one billion dollars to the United Nations. Disney's new CEO, Josh Tomorrow, laid out his long-term vision for the company, and it's centered on using technology to reach customers and increase profits. In the fiscal second quarter, Disney's revenue rose to over $25 billion, up 7% from a year earlier. In the streaming division, profits from Hulu and Disney Plus jumped by 88% last quarter. Disney stock was up around 7% in midday trading. And China's DeepSeek is looking to raise a few billion dollars from investors backed by the Chinese government. The WSJ has learned that some prospective investors have valued DeepSeek at around $50 billion in recent talks. The company plans to use the new capital to advance its research and expand computing infrastructure. Beijing has treated DeepSeek as a