Ted Turner, founder of CNN and creator of the 24-hour news cycle, has died at the age of 87 at his home near Tallahassee, Florida. 

A spokesman for the Turner family, Phillip Evans, confirmed his death.

Turner announced in 2018 that he was suffering from Lewy body dementia, a degenerative brain disorder. 

TURNER ENTERPRISES Inc. Chairman Ted Turner participates in the ''Ted Turner and T. Boone Pickens on America's Energy Future'' panel at the 2010 Milken Institute Global Conference in Beverly Hills, California April 26, 2010.
TURNER ENTERPRISES Inc. Chairman Ted Turner participates in the ''Ted Turner and T. Boone Pickens on America's Energy Future'' panel at the 2010 Milken Institute Global Conference in Beverly Hills, California April 26, 2010. (credit: REUTERS/PHIL MCCARTEN)

His business ventures, which involved professional sports, environmentalism, and philanthropy, had a considerable impact on American culture. However, his arguably most important contribution was the creation of the 24-hour news cycle through CNN.

CNN CEO: Turner will always be CNN's 'presiding spirit'

“Ted was an intensely involved and committed leader, intrepid, fearless and always willing to back a hunch and trust his own judgment,” Mark Thompson, Chairman and CEO of CNN Worldwide, said in a statement. “He was and always will be the presiding spirit of CNN. Ted is the giant on whose shoulders we stand, and we will all take a moment today to recognize him and his impact on our lives and the world.”

Turner is survived by his five children, 14 grandchildren, and two great-grandchildren.