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Jane Fonda’s heartbreaking tribute to ‘swashbuckling’ media titan

Jane Fonda has paid tribute to billionaire media mogul Ted Turner, who has died aged 87.

Turner, the brash and outspoken television pioneer who created a media empire and transformed the news business by creating CNN and introducing the 24-hour cable news cycle, died surrounded by his family.

Turner's empire expanded far beyond media — owning professional sports teams in Atlanta and huge chunks of the American West. He raced yachts too, defending the America's Cup in 1977.

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He donated a stunning $US1 billion ($1.53 billion) to United Nations charities and fuelled conservation efforts through habitat restoration and endangered species work on his sprawling ranches in the West.

Turner married three women — most famously Fonda — and earned the nicknames "Captain Outrageous" and "the Mouth of the South".

He once bragged: "If only I had a little humility, I'd be perfect."

My 'favourite' ex-husband

In a heartbreaking post on Instagram, Fonda, 88, described Turner as a "gloriously handsome, deeply romantic, swashbuckling pirate" who had "a big life, a brilliant mind and a soaring sense of humor".

"Ted Turner helped me believe in myself," Fonda said.

"He gave me confidence. I think I did the same for him, but that's what women are raised to do.

"Men like Ted aren't supposed to express need and vulnerability. That was Ted's greatest strength, I believe."

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Fonda said she loved Turner "with all her heart".

"I see him in heaven now with all the wildlife he helped bring back from extinction – the black footed ferrets, the prairie dogs, Big Horned sheep, Mexican Gray Wolf, the Yellowstone wolf pack, bison, the red cockaded woodpecker and so many more, they're all gathered at the pearly gates applauding and thanking him for saving their species," she said.

"Five children survive him, five talented, complex kids who I had the privilege of becoming stepmother to.

"If it was complicated to be married to him, think how complicated it was being his child. And they are all doing fine.

A media titan

Turner was slowed in later years by Lewy body dementia. Long since out of the television business, he concentrated on philanthropy and his more than 2 million acres (800,000 hectares) of property, including the nation's largest bison herd.

His garrulous personality sometimes overshadowed a driven, risk-taking business acumen. By the time he sold his Turner Broadcasting System to Time Warner Inc in a 1996 media megadeal, Turner had turned his late father's billboard company into a global conglomerate that included seven major cable networks, three professional sports teams and a pair of hit movie studios.

US President Donald Trump, reacting to Turner's death, called him "one of the greats of all time".

"Whenever I needed him, he was there, always willing to fight for a good cause!" Trump posted on social media.

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The creation of CNN

Turner's signature achievement was creating CNN, the first 24-hour, all-news television network in 1980. At a time when news is instantly available, it's hard to recall that the idea of letting consumers decide when they choose to learn what's going on in the world was once revolutionary.

In part, Turner's own frustration with television news was the instigator. He often worked late after the network newscasts had gone off the air, and was in bed by the time his local stations did their own news.

He took a chance by starting the operation sometimes derided as the "chicken noodle network" in the early days of cable television, living in an apartment above its Atlanta office.

"I was going to have to hit hard and move incredibly fast and that's what we did — move so fast that the (broadcast) networks wouldn't have the time to respond, because they should have done this, not me," Turner recalled in a 2016 interview with the Academy of Achievement. "But they didn't have the imagination."

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CNN's breakthrough moment came during the Gulf War with Iraq in 1991. Most television journalists had fled Baghdad. CNN stayed, capturing arresting images of a war's outbreak, with anti-aircraft tracers streaking across the sky and correspondents flinching from the concussion of bombs.

Turner was promised a continued role in CNN after his company's sale to Time Warner for $US7.3 billion ($11.16 billion) in stock, but was gradually pushed out, much to his regret.

"I made a mistake," he later said. "The mistake I made was losing control of the company."

That same year — 1996 — saw the birth of Fox News Channel and arrival of a new dominant mogul in cable news, Rupert Murdoch.

Warner Bros Discovery CEO David Zaslav called Turner a visionary and a trailblazer on Wednesday.

"Ted's entrepreneurial spirit, creative ambition and willingness to take risks changed the media industry forever," Zaslav said in a note to employees.

Building TBS SuperStation

Robert Edward Turner III was born November 19, 1938, in Cincinnati. When he was nine, his family moved to Savannah, Georgia. After being expelled from Brown University for sneaking a female student into his room, Turner came to Atlanta to work for his father's billboard company.

After his father's 1963 suicide, Turner took over the company. In 1970, he bought an independent UHF station with a weak signal that didn't even cover Atlanta.

On December 17, 1976, he began transmitting the station to cable systems across the country via satellite. It became the TBS SuperStation.

"It was the start of something bigger than we ever imagined," Turner said in 1996.

TBS' collection of old movies and The Andy Griffith Show reruns was augmented by Turner's acquisition of baseball's Atlanta Braves. Perennial doormats, the Braves slowly attracted fans across the nation and in the 1980s began declaring themselves "America's team".

In the 1980s, Turner went deeply into debt to buy MGM, a move again greeted with scepticism.

But the acquisition gave his company a huge library of vintage movies that eventually were parlayed into the TNT and Turner Classic Movies networks. His devotion to older movies earned Turner a star on the Hollywood Walk of Fame in 2004. He was also criticised for adding colour to classic movies like Casablanca, which he said he did to appeal to a younger audience.

TBS also acquired the Hanna-Barbera animation library, which led to the launch of the Cartoon Network.

"He sees the obvious before most people do," Bob Wright, former president and CEO of NBC, told The New Yorker in 2001.

"We all look at the same picture, but Ted sees what you don't see. And after he sees it, it becomes obvious to everybody."

He revealed his ambitions as a younger man: "I used to tell people I wanted to become the world's greatest sailor, businessman and lover all at the same time."

Asked to share the secret to his success, he said: "Early to bed, early to rise, work like hell and advertise."

Acquiring sports teams and land

For much of his life a partying roustabout who wooed beautiful women with a roguish charm, the lean, moustachioed sportsman married three times. He was married to Fonda from 1991 to 2001. She quit acting while married to Turner, but tired of his philandering and divorced him, although they remained friends.

"He was sexy. He was brilliant. He had 2 million acres by the time I left. It would have been easy to stay," Fonda once said of her relationship with Turner.

Turner had an unexpected friendship with Cuban leader Fidel Castro, bonding over hunting and arguments about politics over rum and cigars. A once bitter rival who compared Fox's Murdoch to Adolf Hitler, they later reconciled over their concern for the environment.

Turner built a sports empire, at one point owning professional baseball, basketball and hockey teams in Atlanta. He was best remembered at the helm of the Atlanta Braves, turning the team into champions in the 1990s. Their former stadium, built for the 1996 Olympics, was named Ted Turner Field.

Perhaps Turner's greatest love was for the land. He acquired millions of acres in ranches complete with roaming buffalo and was Nebraska's largest private landholder. He spoke often of reviving the West's bison herds, and in 2002 started a restaurant chain serving bison burgers, Ted's Montana Grill.

He had a net worth of $US2.5 billion in 2023 but had dropped off Forbes magazine's ranking of the 400 richest Americans in 2021. During a stock market bust, Turner's net worth went from nearly $US10 billion ($15.29 billion) to about $US2 billion in two-and-a-half years.

He had enough time, and money, to devote to such lofty goals as promoting world peace and protecting the environment.

"See, my life is more an adventure than a quest to make money. Adventure is going out and doing something for the pure hell of it," Turner once said.

"You just want to see if you can do it, period. There's no thought of gain other than your own satisfaction."

'The Mouth of the South'

Through the years, Turner's antics occasionally overshadowed his business activities.

Fresh from skippering his boat Courageous to the 1977 America's Cup title, a very inebriated Turner was captured by TV cameras stretched out on the floor at the victory celebration.

Turner managed to insult many with his shoot-from-the-lip style. An atheist since his only sister died of lupus at age 17, he called Christians "losers" and "Jesus freaks", later apologising.

He once suggested in a speech that Black people be used to haul mobile missiles with ropes "like the Egyptians building the pyramids". After civil rights leaders demanded an apology, he said he was just joking.

Other times, his humour saved him from potentially awkward situations, like when he talked to an audience in Berlin in 1999.

"You know, you Germans had a bad century," Turner said, according to The New Yorker.

"You were on the wrong side of two wars. You were the losers. I know what that's like. When I bought the Atlanta Braves, we couldn't win, either. You guys can turn it around.

"You can start making the right choices. If the Atlanta Braves could do it, then Germany can do it."

Dedication to various causes

Turner, a father of five children, grabbed a leadership role in American philanthropy with his 1997 pledge to give $US1 billion, or $US100 million a year for 10 years, to United Nations charities. Even as Turner's fortune shrank after the AOL Time Warner merger, he continued giving money to the UN, calling it the best hope for peace.

He promoted a range of humanitarian causes. Turner joined former US senator Sam Nunn to start the Nuclear Threat Initiative, a US-based non-profit dedicated to reducing the threat of nuclear, biological and chemical weapons.

"If I had to predict, the way things are going, I'd say the chances are about 50-50 that humanity will be extinct in 50 years," Turner said in 2003.

"Weapons of mass destruction, disease, I mean this global warming is scaring the living daylights out of me."

As he poured millions into non-profits, Turner was also fond of spreading his wealth in small ways. He once gave $US500 to a volunteer fire department that helped extinguish a blaze on one of his ranches. Another time he lent personal paintings for an exhibit at a Bozeman, Montana, museum.

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Teacher ‘snapped’ when he stabbed principal after being told contract would not be renewed

Colleagues of a teacher who "snapped" and stabbed a school principal say they are still reeling from the attack, as details of his "catastrophic" mental health spiral emerged.

Kim Ramchen, 37, on Wednesday pleaded guilty to three charges of intentionally causing injury, assault with a weapon and unlawful assault, over the stabbing in December.

The Keysborough College teacher armed himself with a 10-centimetre knife from the Melbourne school's kitchen and set upon principal Aaron Sykes after being told his contract would not be renewed.

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Kim Ramchen / Keysborough College

As prosecutor JJ Jassar read the summary to Dandenong Magistrates Court, Ramchen sobbed into his hand over the video link.

Jassar said Ramchen entered the principal's office aggressively and aimed for Sykes' neck, with the pair struggling to the ground.

Teacher Emma Pascoe, who was in a room next door, ran over after hearing screaming and saw Ramchen standing over Sykes, swinging the knife.

She said she still experiences flashbacks to the incident and turned to alcohol to drown them out.

"The sound of students messing around and screaming 'help, help' still sets me off into panic mode," she said in a statement read to the court.

Ramchen walked off after being pulled away by assistant principal Matthew Sloan and the school was placed into lockdown.

But he returned, armed with a larger chef's knife, holding the blade to the principal's face.

Ramchen was tackled to the ground and subdued by several staff before emergency crews arrived.

School nurse Stacy Bender, who treated Sykes, recalled the look of fear in his face.

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Kim Ramchen principal stabbing Keysborough CollegeKim Ramchen principal stabbing Keysborough College

"This has changed how I see a school environment, a place that should be safe now feels more vulnerable," Bender said in a statement to the court.

Ramchen said during a police interview he "mentally snapped" and intended to just incapacitate the principal.

"My blood just went to my head and I became incredibly angry and emotional," he said.

Defence barrister Amelia Beech said Ramchen's conduct was the culmination of substantial difficulties that had plagued his life.

He is the son of former Price Is Right host Jacqui Ramchen who disappeared in 1992, with his late father charged over her killing until a magistrate found there was not enough evidence to commit him to trial.

Ramchen had taken on a parental role within the family after his mother disappeared and his father died from cancer when he was 14.

"The lasting effects of his tragic and dysfunctional childhood, the enormous challenges of adulthood, stressful circumstances of parenthood and the debilitating effects of undiagnosed mental ill health all collided in a spectacular fashion," Beech said.

Ramchen has been diagnosed with autism, depressive disorders and anxious distress, which forensic psychiatrist Danny Sullivan found was "causally connected" to the offending, she said.

At the time, the teacher's marriage was falling apart and he was unable to understand why his contract was not renewed, the defence added.

"The offence has been committed in the context of a … catastrophic mental health crisis," she said.

Ramchen will be sentenced on Monday.

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Major bank’s bleak warning of more rate pain in matter of weeks

Two of the big four banks are now predicting a fourth consecutive rate rise to start the year as the Reserve Bank of Australia (RBA) tries to fight rising inflation, caused in part by the war in the Middle East.

The RBA yesterday raised the cash rate by 25 basis points to 4.35 per cent for the third time, effectively unwinding last year's round of cuts.

Governor Michele Bullock acknowledged that Australians were "feeling poorer" but said the increase was necessary to give the central bank "space" to assess the global and domestic situation.

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Today, NAB updated its monetary policy forecast, and now predicts rates to be raised again to 4.60 per cent at the RBA's next meeting in June.

"The governor explicitly called the 'wait and watch' strategy the 'wrong term' in her press conference, and so it doesn't appear that the board thinks it has time on its side," the bank's economists Sally Auld and Gareth Spence wrote.

"This, together with the board's clear preference to prioritise the price stability aspect of its dual mandate given a broadly benign labour market forecast, suggests to us that the next rate rise will come in June."

Westpac had been predicting further rate rises before yesterday's hike, but believes it may not be until later this year.

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Workers in the Sydney CBD.

"We think the chance that they now hike rates in June is less than what we thought before, I mean, it was never a certainty but it was our base case," the bank's chief economist Luci Ellis said.

"But we still think that there are likely to be rate hikes from here, but perhaps pushed out a bit from what we previously thought."

The remaining big four banks, Commonwealth Bank and ANZ, are currently predicting a hold in June.

All four big banks passed on yesterday's rate rise onto their customers, which will take effect in the coming weeks.

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