Ted Forstmann dies at 71

ForstmannTed Forstmann, a prominent financier who made lots of his most high-profile possibilities on television sector, died Sunday at his home in NY. He was 71.The reason behind dying was brain cancer, with different representative at Forstmann Little. Forstmann introduced he was fighting the problem taken.Although famous for his impact on various industries through equity finance, Forstmann will be a pending estimate media business within the last 3 decades, most recently as Boss of IMG, a company he acquired in 2004 to have the ability to gather the cell phone industry's of sports and entertainment. Beneath the IMG banner, Forstmann acquired production companies including Tiger Aspect and Darlow Smithson, they offered again to Endemol this past year, three years after buying them. Forstmann even handled to lure former Cinemax Boss Chris Albrecht to the fold for a while beginning in 2007 while using intent of making proper possibilities within the media landscape, but Albrecht left in 2008.Michael Ovitz recently left the board at IMG carrying out a struggle for control of the firm. Ovitz will be a longtime connect of Forstmann who teamed with him inside the eighties to produce a run at record label Polygram, which was eventually agreed to Seagram.Forstmann also made his imprint inside the radio business, buying Citadel Communications for $2 billion in 2001. He teamed with Cablevision in 1999 to back Broadway musical "The Scarlet Pimpernel."Forstmann leads to two sons two brothers and sisters and a pair of brothers and sisters. A memorial mass is scheduled occur at St. Patrick's Cathedral on Tuesday, November. 29. Contact Andrew Wallenstein at andrew.wallenstein@variety.com