Flyers Owner Ed Snider Dies; Formerly Owned WIP-A/Philadelphia
April 11, 2016 at 5:23 AM (PT)
ED SNIDER, the owner of the PHILADELPHIA FLYERS and former owner of Sports WIP-A/PHILADELPHIA, died this morning after a two-year battle with cancer at 83.
SNIDER, who founded the NHL franchise in the league's 1967 expansion, was a partner in a record company before buying 7% of the PHILADELPHIA EAGLES. After the FLYERS' launch, he acquired the team's arena, THE SPECTRUM, in 1971 and formed SPECTACOR, a holding company that ultimately became a major player in arena management and owner of regional cable network PRISM. SPECTACOR purchased WIP-A (now WTEL-A)/PHILADELPHIA in 1988 and sold the station to INFINITY in 1994; SNIDER sold two-thirds of SPECTACOR to COMCAST in 1996, forming COMCAST SPECTACOR and launching COMCAST SPORTSNET. COMCAST SPECTACOR also briefly owned the NBA's PHILADELPHIA 76ERS and owns the FLYERS and SIXERS' current home, WELLS FARGO CENTER.
SNIDER is a member of the HOCKEY HALL OF FAME.