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December 2, 2008
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Blue Jays Owner And Media Pioneer Ted Rogers Passes Away At 75

Ted Rogers Passes Away
At The Age Of 75
Rogers Communications Inc. (RCI) President & CEO and Blue Jays Owner TED ROGERS passed away at his home in Toronto at the age of 75. Rogers, suffering from congestive heart failure, had seen his health weaken over the past few years. RCI Chair & acting CEO ALAN HORN said, "Ted Rogers was one of a kind who built this company from one FM radio station into Canada's largest wireless, cable and media company." The RCI BOD intends to form a special committee to search for Rogers' successor as CEO, which will include internal and external candidates. In the meantime, Horn will continue to serve as acting CEO and lead the company's office of the President (RCI). REUTERS reports among those believed to be considered to replace Rogers "are son Edward Rogers, currently the CEO of the company's cable operations, and Melinda Rogers," the Senior VP of Strategy & Development. Also "highly touted is Nadir Mohamed," the company's COO (REUTERS, 12/2).

BUILDING AN EMPIRE: The NATIONAL POST's Theresa Tedesco writes Rogers "built a huge conglomerate of telephones, cable television, magazines and sports [franchises] by borrowing dizzying amounts of money." Few Canadian "corporate titans have bet their businesses as often -- and in diversified sectors -- and succeeded as the incorrigible" Rogers. RCI, worth just over C$18B, operates Canada's "largest wireless carrier, its largest cable provider, 52 AM and FM radio stations, 70 consumer and trade magazines, including Chatelaine and Maclean's, the OMNI multicultural television stations, Rogers Sportsnet and Citytv networks, The Shopping Channel," the Blue Jays and Rogers Centre. Rogers, whose estimated personal wealth of C$7.6B makes him the "second richest Canadian," has a business school named after him at Toronto's Ryerson Univ. and was "trying to lure" an NFL team to the city. Univ. of Toronto's Rotman School of Management business historian JOSEPH MARTIN said of Rogers, "He is one of the great entrepreneurs of this country. What he has done is truly remarkable. He certainly has left a huge footprint" (NATIONALPOST.com, 12/2). In Toronto, Moira Welsh writes Rogers' "hunger for success, combined with an ability to envision technological change years before his competitors (and a tolerance for debt) lifted his business from one fledgling radio station into a [C$25B] Canadian institution." Turning RCI into a "blue chip empire was his greatest ambition." Rogers said that RCI's acquisition of the Blue Jays and the SkyDome, now known as the Rogers Centre, in '00, "branded the company in Toronto as a 'good corporate citizen.'" In the past few years, Rogers "spent more time working on a company succession plan, recognizing that his biggest challenge has been his heart," as he had been "in and out of hospitals for his heart condition, as well as aneurysms, melanoma and glaucoma" (THESTAR.com, 12/2).

AN UNMATCHED LEGACY: The GLOBE & MAIL's Gordon Pitts writes Rogers' "greatest expectation-smashing act was escaping bankruptcy," as RCI "survived a parade of near-death experiences, buried under the debt amassed by its risk-embracing owner." Rogers was the "master of the communications universe in Canada, the owner of the dominant cable TV system, of radio and television stations, of magazine publishing, residential telephone services and the largest wireless network." He was the "rare communications titan to solve the convergence conundrum, combining media content and transmission in a single corporate entity." Rogers was Canada's version of Apple Computer co-Founder & CEO STEVE JOBS, a "technology entrepreneur who was down but never out" (GLOBEANDMAIL.com, 12/2). The GLOBE & MAIL's Robert Brehl notes Rogers once said that "it was 'an emotional drive' -- to prove to his long-deceased father that he could get the Rogers name back atop the communications world and keep it there." Though we have "seen many of these successful people rise in Canada through their emotional drive, there will likely never be another Ted Rogers" (GLOBEANDMAIL.com, 12/2).


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