Video: Heady Days Again for Cable

New services are sprouting, viewing is on the rise -- and the networks are nervous

Want to follow the ups and downs of cable television? Just watch Ted Turner, Atlanta's brash cable mogul and America's most entertaining businessman. In the go-go years of the 1970s and early '80s, Turner was the cable industry's chief cheerleader, creating the nation's first satellite-beamed superstation, WTBS, and confounding skeptics by successfully launching TV's first 24-hour news channel, the Cable News Network. In the mid-'80s, however, the cable industry hit a slump, and so did Turner. His 1984 attempt to start a music- video channel died after just a month on the air, his much publicized bid to take over CBS...

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