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TORONTO (Reuters) - Ted Rogers, the founder and longtime chief executive of Rogers Communications Inc, has been admitted to hospital for treatment of an existing heart condition, the company said late on Friday.
Rogers, 75, is a radio and wireless telephone pioneer who started his company in 1960 with a C$85,000 loan.
Today, Rogers Communications owns Canada's biggest wireless company. It also owns one of the country's largest cable companies as well as Major League Baseball's Toronto Blue Jays and the Rogers Center, where they play.
The company owns more than 50 radio stations, several television stations and 70 magazines and trade journals.
Rogers will be replaced by company Chairman Alan Horn while he is in hospital.
"The length of Mr. Rogers' leave will be determined by his overall health and medical progress," the company said.
A prominent philanthropist, Rogers was made an Officer of the Order of Canada in 1990. In 1994, he was inducted into the Canadian Business Hall of Fame.
Reporting by Wojtek Dabrowski; editing by Peter Galloway