Charles Dolan, a cable pioneer and patriarch of the Dolan household, which controls media corporations, leisure venues and sports activities groups, died Dec. 28 of pure causes, Newsday reported. He was 98.
“It’s with deep sorrow that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founding father of HBO and Cablevision,” the household mentioned in a press release to Newsday, as soon as co-owned by Charles Dolan and his son Patrick who now owns it.
Charles Dolan is understood for founding HBO in 1972 and a yr later creating Cablevision, one of many nation’s largest cable operators, which was bought to Altice in 2017 for $17.7 billion. In 1986, he was instrumental in Cablevision’s launch of Information 12 Lengthy Island, the primary 24-hour regional cable information channel within the U.S. It spawned the Information 12 Networks group of native information channels within the New York space.
In 2020, Charles Dolan stepped down as government chairman of the board of administrators of AMC Networks, which had been spun out from Cablevision right into a separate public firm in 2011.
The Dolan household, whose internet price is estimated at $5.4 billion, has a controlling stake in Madison Sq. Backyard by way of which it additionally owns Radio Metropolis Music Corridor, the New York Knicks and the New York Rangers.
