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After the prime-time run of ended in 1966, Hanna-Barbera Productions turned its attention towards Saturday mornings, creating content specifically for children and for all three major networks.
Source: https://collider.com/what-happened-to-saturday-morning-cartoons-explained/
In 1991, Ted Turner bought Hanna-Barbera Productions for $320 million.
Source: https://screenrant.com/cartoon-network-best-shows-ranked/