Ted Field

Frederick Woodruff "Ted" Field (born June 1, 1953) is an American media mogul, entrepreneur and film producer.

He is an heir to the Field family fortune. At $1.2 billion, Field is No. 236 on the Forbes list of the 400 richest people.

Biography

Early life

Field was born in Chicago, Cook County, Illinois, the son of Katherine Woodruff Fanning, later editor of the Christian Science Monitor, and Marshall Field IV, who owned the Chicago Sun-Times.

After the divorce of his parents at a young age, he and his sisters followed their mother and stepfather to Anchorage, Alaska. Katherine Field and her new husband, Larry Fanning, purchased the Anchorage Daily News from founder Norman C. Brown, publishing the paper for over a decade before selling it to The McClatchy Company.

Career

Field is well known by motor racing enthusiasts for being the boss of Interscope Records, a successful team that fielded talented musical artists like Snoop Dogg and even Pharrell Williams.

Interscope Racing started off entering Danny Ongais in Formula 5000 in 1975, graduating to USAC racing and the Indianapolis 500 in Parnelli chassis. Field also funded Ongais to make occasional Formula One outings in a Penske during the 1978 season.