Ted Turner's Billboard Inheritance
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Sam Parr tells the story of how Ted Turner inherited his father's business under difficult circumstances.
"Ted Turner's father owned a billboard company. His father died when Ted was only 22 or 24 years old, and Ted inherited the business. But in order to inherit it, he actually had to raise money debt in order to buy back a bunch of the assets.
Long story short, his dad was mentally ill and sold a bunch of parts of the company in bad deals. So Ted had to raise money to buy back the business. That's why at age 24 he had a million dollar company, which adjusted to today would be $10,000,000.
Then as Ted's story grows, he goes from billboard company to buying radio stations to buying TV stations to ultimately buying the Braves and then starting CNN in his forties."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.