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December 2, 2008

R.I.P Ted Rogers

Edward Samuel "Ted" Rogers, Jr., OC, BA, LL.B, D.Sc (born May 27, 1933 in Toronto, Ontario, died December 2, 2008, in Toronto) was the President and CEO of Rogers Communications Inc., and the richest person in Canada in terms of net worth. His father Edward S. Rogers, Sr. is regarded as the founder of the company, although the radio station that he founded is now owned by another Canadian company competitor Astral Media.

Educated at Upper Canada College, where he was a member of Seaton's House, Rogers graduated from Trinity College, at the University of Toronto, in 1956 with a Bachelor of Arts degree. While an undergrad, Rogers joined the Sigma Chi Fraternity. In 1979 he was named a Significant Sig - the 21st Canadian to be inducted. In 1960, while still a student at Osgoode Hall Law School of York University, he bought all the shares in local radio station (CHFI) that pioneered the use of FM (frequency modulation) at a time when only 5% of the Toronto households had FM receivers. By 1965, he was in the cable TV business; Rogers Communications was established in 1967 and has grown into one of Canada's largest media conglomerates.

Rogers had been the owner of the Toronto Blue Jays Major League Baseball team since September 1, 2000, when Rogers Communications Inc. purchased 80% of the baseball club with the Labatt Brewing Company Ltd. maintaining 20% interest and the Canadian Imperial Bank of Commerce relinquishing its 10% share. Since the 2003 season, he now owns 100% of the team. Moreover, the Blue Jays' home ballpark, SkyDome, was renamed Rogers Centre after Rogers' firm purchased the stadium (including naming rights).
Rogers suffered from congestive heart failure and died on December 2, 2008, at his home in Toronto. Source

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