Any body know the story how Turner got this channel?

I heard a howard stern interview with Larry king. And Larry was telling stories. He's got great ones. So he says ted bought a movie studio from some guy. I forget which one. I'm sure u can look it up. Anyway he decides he doesn't like the movie business and that it's slow money. He sells it back to the same guy for a loss. The guy is happy to do the deal it's basically free money. One condition he gets to keep the rights to these old movies. The guy figures who cares about these old movies. TCM was born.

Not sure the truth. Heard it on howard a year ago.