NEW YORK (Reuters) - Preston Robert "Bob" Tisch, co-chairman of conglomerate Loews Corp. and co-owner of the New York Giants football team, has died of brain cancer at age 79, the firm said on Wednesday.
The New York native died at his home late on Tuesday and had been diagnosed with an inoperable brain tumor last year, the National Football League said.
Tisch and his brother, Laurence, who died in 2003, turned a 1946 investment in a small New Jersey hotel into the Loews hotel chain and eventually a diversified conglomerate with nearly $1 billion in quarterly sales.
A billionaire philanthropist, Tisch served as postmaster general from 1986 to 1988 under U.S. President Ronald Reagan.
"Mr. Tisch made an indelible impact on society through his philanthropic leadership and his personal involvement in many charitable endeavors that improved life for people throughout New York City and the country," Loews said in a statement.
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