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Jump to full article: (Long Island, NY) Newsday, 2005-11-15 Author: NEIL BEST STAFF WRITER
Intro: Preston Robert Tisch, a billionaire businessman, former Postmaster General and prolific philanthropist who since 1991 owned half of the New York Football Giants, died Tuesday night at his home in Manhattan. He was 79 and had been receiving treatment for an inoperable brain tumor diagnosed in August, 2004.
The emotional reaction across the business, social, political, sports and entertainment worlds reflected the broad scope of his life, as well as the friendly demeanor that was one of his trademarks. . . .
The brothers bought Loews Theaters in 1959 and in 1971 added Lorillard Tobacco, prompting a change in the company name to Loews Corporation. By 2003, with Bob Tisch as its chairman, Loews had revenues of $16.4 billion and assets of more than $77 billion.
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