The Stories Behind Media’s Biggest Moguls
Behind every media empire is a story of ambition, power, and relentless vision.
Hosted by longtime media operator Web Barr, Media Moguls tells the in-depth stories of the visionaries, entrepreneurs, and innovators who built and shaped the media industry—starting with Ted Turner.
Each season, we’ll explore a different mogul—their wins, losses, and lasting impact—while breaking down the game-changing innovations, paradigm-shifting strategies, and pivotal moments that shaped television, Hollywood, sports, and news over the last century. Along the way, we’ll tell the story of how we got to now.
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The Stories Behind Media’s Biggest Moguls
Behind every media empire is a story of ambition, power, and relentless vision.
Hosted by longtime media operator Web Barr, Media Moguls tells the in-depth stories of the visionaries, entrepreneurs, and innovators who built and shaped the media industry—starting with Ted Turner.
Each season, we’ll explore a different mogul—their wins, losses, and lasting impact—while breaking down the game-changing innovations, paradigm-shifting strategies, and pivotal moments that shaped television, Hollywood, sports, and news over the last century. Along the way, we’ll tell the story of how we got to now.
In 1985, fresh off his failed bid for CBS, Ted Turner faced his own Rubicon moment. He could double down on a bigger, more cash-heavy hostile network takeover, or walk away and chase something even bigger and riskier. When billionaire dealmaker Kirk Kerkorian offered him MGM in a lightning-fast, all-cash deal, Ted pivoted to Hollywood, betting everything on the hidden value of film libraries and the future of cable. What followed was one of the riskiest acquisitions in media history, fueled by junk bonds, ambition, and instinct, and it would reshape Turner Broadcasting while nearly destroying it.
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Credits
Writing, research, and production by Web Barr.
Artwork by Dylan Lathrop.
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Chapters
(00:00): Ted's Rubicon Moment
(06:48): Kirk Kerkorian + MGM
(28:00): Why MGM
(50:00): Kerkorian's Offer
(1:06:00): Michael Milken 101
(1:50:00): Inside the Deal
(2:20:00): Debt Nightmares
Sources
Books used in Episode 9. Get em here!
It Ain't As Easy As It Looks: Ted Turner's Amazing Story
Up All Night: Ted Turner, CNN, and the Birth of 24-Hour News
Ted Turner Speaks: Insights From the World's Greatest Maverick
CNN: The Inside Story: How a Band of Mavericks Changed the Face of Television News
Confessions of an Advertising Man
Lead Follow or Get Out of the Way: The Story of Ted Turner
Media Man: Ted Turner's Improbable Empire
Clash of the Titans: How the Unbridled Ambition of Ted Turner and Rupert Murdoch Has Created Global Empires that Control What We Read & Watch Each Day
Call Me Ted
Cable Cowboy: John Malone and the rise of the modern cable-TV business
Me and Ted Against the World: The Unauthorized Story of the Founding of CNN
Tinderbox: HBO's Ruthless Pursuit of New Frontiers
Masters of Enterprise: Giants of American Business from John Jacob Astor and J.P. Morgan to Bill Gates and Oprah Winfrey
Triumph of the Yuppies
Three Blind Mice
The Predators’ Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders
The Gambler: How Penniless Dropout Kirk Kerkorian Became the Greatest Deal Maker in Capitalist History
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Media Moguls with Web Barr
The Stories Behind Media’s Biggest Moguls
Behind every media empire is a story of ambition, power, and relentless vision.
Hosted by longtime media operator Web Barr, Media Moguls tells the in-depth stories of the visionaries, entrepreneurs, and innovators who built and shaped the media industry—starting with Ted Turner.
Each season, we’ll explore a different mogul—their wins, losses, and lasting impact—while breaking down the game-changing innovations, paradigm-shifting strategies, and pivotal moments that shaped television, Hollywood, sports, and news over the last century. Along the way, we’ll tell the story of how we got to now.
