CNN sounded like a tough place to work in its early years. Its creator, Ted Turner gave a few inside details of the news network’s struggles as it first began operations.
First of all, it took awhile for the company to become even close to profitable. “We sweated every payroll for seven years,” said Turner in remarks at the Social Good Summit, organized by the 92nd Street Y and Mashable.
But not only was there little money coming in the stress to succeed affected even the higher executives. “During my entrepreneurial career, I wore out four financial vice presidents — one had a heart attack right in my office,” said Turner, according to The Hollywood Reporter. “I had him lay down on the couch, and we got an ambulance to take him to the hospital, and I said, ‘Get me a new financial vice president.’”
That’s rough, but at least he didn’t have to worry about online, social media, layoffs, paywalls and everything else media companies have to ponder. On second thought, maybe Turner just described the ‘good old days.’