Founded on June 1, 1980, by Ted Turner, an eminent Australian-American media mogul, Cable News Network (CNN) is better known for being the world's first channel to provide 24-hour television news coverage. By all accounts of recent analysis, this news channel is aired in 212 countries and approaches in over 100 million U.S. households. CNN's impeccable reportings on Challenger disaster, Baby Jessica rescue, The Gulf War, 9/11 and the 2008 Presedential election of United States was enough to intensify its credibility in the mainstream.