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Logan Roy, the founder of media conglomerate Waystar Royco, died at the age of 84 on Sunday.
Roy had given a surprise visit to the American Television Network newsroom Just days before his death and delivered a speech outlining an aggressive vision for the conservative cable news network heading into a presidential election.
Following Roy’s death, Waystar Royco is now faced with the challenge of identifying a suitable successor, at a time when the company has already been grappling with controversies and internal conflicts.
Logan Roy’s Ambitious Vision for ATN
Logan Roy, standing atop boxes of printer paper, urged his employees to vanquish ATN’s rivals, reducing them to “f— jam smears on the highway.” Roy was determined to build something better and faster.
He made it clear that he wasn’t going to give up easily and expressed his determination to stay, stating firmly that he will not be leaving anytime soon. He also shared his vision to build something better, faster, lighter, meaner, and wilder, and he was determined to achieve it from the inside with the help of his team. He referred to his team as pirates and expressed his enthusiasm to work with them.
He owned a vast array of assets, which included highly regarded ATN, the massive Waystar Studios in Hollywood, exciting Brightstar Adventure theme parks, and a collection of newspapers, including the widely read tabloid the New York Globe.
Logan Roy’s Death
Roy passed away during a trip to Sweden on a company jet. While the exact cause of his death is unknown, reports indicate that he collapsed shortly after takeoff from Teterboro Airport in New Jersey and resuscitation efforts were unsuccessful.
At the time, Roy and his team were on their way to Sweden to finalize a deal with Lukas Matsson, the CEO of the tech streaming giant GoJo, for the acquisition of Waystar Royco.
Coincidentally, Roy’s eldest son, Connor, who is running for the presidency, was getting married to theater producer Willa Ferreyra in New York City at the time of his father’s death. The three youngest Roy siblings, who had been ousted from the company by their father, left the wedding abruptly, causing suspicion among guests.
Upon their return to Teterboro Airport, photographers had already gathered, anticipating the arrival of the company jet.
Waystar Royco Without a Clear Successor
Despite the markets being closed, the news of Roy’s death resulted in a significant drop in the company’s share price on Sunday.
When approached for comment, a representative for HBO, who has been managing media relations for Waystar Royco for the past three years, declined to provide any official statement to The Times despite repeated requests.
The lack of a clear successor raises the question of what will happen to Waystar Royco’s expansive holdings. Will they be divided amongst Roy’s children or sold to a competitor?
- Who was Logan Roy?
- Logan Roy was the founder of the media conglomerate Waystar Royco.
- What was Roy’s vision for ATN?
- Roy’s vision for ATN was to create a product that was superior in terms of speed, weight, efficiency, and functionality. He aimed to develop something that was more advanced and comprehensive than what existed in the market.