Todd Wagner

Todd R. Wagner (born August 2, 1960) co-founded Broadcast.com and now co-owns 2929 Entertainment with Mark Cuban, along with other entertainment properties and has also founded the Todd Wagner Foundation.

Wagner was born in Gary, Indiana. He first attended Merrillville high school then attended Indiana University joining Kappa Sigma Fraternity Beta Theta Chapter. He later graduated in 1983. He earned a law degree from University of Virginia and then moved to Dallas, Texas where he became a licensed CPA in the State of Texas, and began a legal career with the national firms Akin, Gump, Strauss, Hauer & Feld and Hopkins & Sutter.

In 1995 he joined up with fellow Indiana alum Mark Cuban and the two successfully launched AudioNet, broadcasting live sporting events and radio stations over the Internet, at first with only a Packard Bell 486 PC and a single ISDN line. As CEO, Wagner grew the company and expanded its services to include corporate events and business services. In 1998 Wagner and Cuban changed the name to Broadcast.com and took the company public in the midst of the dot-com boom. The Broadcast.com IPO set an opening-day record, with shares climbing 249% from an offering price of $18 to a closing price of $62.75. In 1999, Wagner and Cuban sold Broadcast.com to Yahoo! for $5.7 billion, making 300 employees millionaires (briefly, on paper) and Wagner and Cuban instant billionaires. Wagner continued to lead the division as Yahoo! Broadcast until May 2000, when he declined an offer to become Yahoo!’s Chief Operating Officer to focus on other interests.

Wagner has his own charitable foundation, the Todd Wagner Foundation. After meeting with Arnold Schwarzenegger, Wagner in 2001 launched his Foundation’s first children’s program, the Dallas chapter of the After-School All-Stars (then called Inner-City Games), a national program championed by Schwarzenegger that provides year-round technology, academic, sports and cultural programs for children in the nation's inner cities. The Dallas After-School All-Stars now reaches more than 4,000 children with programs ranging from chess and art classes to golf, running clubs and math competitions.

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