Rogers Communications CEO Ted Rogers dies of heart failure

Rogers Communications Inc. has announced its founder and CEO, Ted Rogers, has died at 75 of congestive heart failure.

Rogers, who also owned the Toronto Blue Jays, started the company that bears his name in 1960. His father founded radio station CFRB and Astral Media. Rogers Broadcasting now owns 53 radio stations and its television holdings include Citytv.

Three years ago, the company acquired telecom carrier Call-Net Enterprises, which owns Sprint Canada.

Alan Horn is acting CEO of Rogers Communications while the board of directors searches for a replacement.

In addition to its cable television and wireless companies, Rogers also publishes consumer and business magazines.

During the first nine months of this year, it made a profit of $1.14 billion on revenues of $8.4 billion. The company has 1.6 million cable Internet subscribers.

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