IMG Worldwide Boss Ted Forstmann Dies

NY - IMG Worldwide, the talent management and TV production firm that has labored together with your sports, fashion together with other stars as Justin Timberlake, Tyra Banks, Tiger Forest, Joe Mauer in the Minnesota Twins and Roger Federer, mentioned Sunday that it's chairman and Boss Theodore "Ted" Forstmann has died carrying out a combat brain cancer.our editor recommendsIMG Worldwide Demands Insurance providers Get Cost Of Fighting Ex-Sports sports athletes In Gaming Suit Forstmann, a Wall Street legend who devoted to several media companies inside the year, was 71. He'd introduced IMG since buying the business in 2004. Throughout that time, former Cinemax mind now Starz Boss Chris Albrecht grew to become part of the organization for just about any year in your thoughts up its global media business. Recently, extended-time Forstmann friend Michael Ovitz tried to consider over IMG among Forstmann's fight with cancer, leading to Ovitz's ouster in the organization's board. Lately, former Yahoo and Warner Bros. boss Terry Semel appeared to become apparently searching at overpowering the business. Before IMG, Forstmann had developed a status for themselves as founder and mind of investment firm Forstmann Little & Co. IMG mentioned that his firm made 31 purchases and possibilities under his leadership, plus a 1984 utilized buyout of Dr. Pepper, which in those days was the greatest ever, and returned greater than $15 billion towards the traders. Media possibilities throughout that time include sports and entertainment purchasing and selling cards firm The Topps Co., later acquired by former Wally Disney boss Michael Eisner, posting and Internet firm Ziff Davis, additionally to radio station group Citadel Broadcasting. Forstmann is managed to get by his two sons Siya and Everest. His associations over time incorporated one with Princess Diana. He appeared to become romantically connected with Top Chef's Padma Lakshmi, according to Wikipedia. IMG didn't immediately title a alternative for your Boss and chairman roles. Related Subjects Obituaries IMG