TORONTO Nov 6 The health of Rogers
Communications Inc (RCIb.TO) founder and Chief Executive Ted
Rogers has stabilized after he received hospital treatment for
an existing heart condition, the company said on Thursday.
Rogers, 75, was admitted to hospital last Friday and
temporarily handed over the reins of the cable and telecom
company to Chairman Alan Horn.
"I am grateful for the quality of care I am receiving at
the Toronto General Hospital, a world-class facility," Ted
Rogers said in a brief statement on Thursday.
The company did not say when he would return to work.
Rogers' health raised questions about who would be
appointed to replace him if he retires or is unable to return
Earlier this week, analysts had tapped his children Edward
and Melinda as potential successors. Edward Rogers is currently
the CEO of the company's cable operations. Melinda Rogers is
senior vice-president of strategy and development.
As well, Nadir Mohamed, the company's highly regarded chief
operating officer, was named as a potential prospect.
Rogers Communications owns Canada's biggest wireless
company, as well as one of the country's largest cable
companies and Major League Baseball's Toronto Blue Jays and the
Rogers Centre where they play.
It also owns more than 50 radio stations, several
television stations and 70 magazines and trade journals.
(Reporting by Wojtek Dabrowski; editing by Rob Wilson)