Charles F. died. Dolan, who founded some of America’s most prominent media companies including Home Box Office Inc. and Cablevision Systems Corp., at the age of 98, according to a news report.
A statement issued by his family on Saturday said that Dolan died of natural causes. Newsday Reported late Saturday.
“It is with deep sadness that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founder of HBO and Cablevision,” the statement read.
Dolan’s legacy in cable broadcasting includes the 1972 launch of Home Box Office, later known as HBO, and the founding of Cablevision in 1973 and the American Movie Classics television station in 1984. He also launched News 12 in New York City, the first 24-hour cable channel. Newsday reported that the local news channel in the United States.
A statement from MSG Entertainment, MSG Sports and Sphere Entertainment referred to Dolan’s “vision.”
“Mr. Dolan’s vision built the foundation for the companies we are today, and as a member of our boards of directors, he continues to help shape our future. The impact he has had on the media, sports and entertainment industries, including as the founder of Cablevision and HBO, is immeasurable,” the statement said. “We do not expect this to change the ownership of the Dolan family, directly or indirectly.”
The Cleveland native, who dropped out of John Carroll University in suburban Cleveland, completed the sale of Cablevision to Altice, a European telecommunications and cable company, for $17.7 billion in June 2016.
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Dolan, whose primary home was in the village of Cove Neck on New York’s Long Island, also had controlling interests in companies that owned Madison Square Garden, Radio City Music Hall, the New York Knicks and the New York Rangers. Newsday I mentioned.
James L. Dolan, one of his sons, was Cablevision’s CEO from 1995 until its sale to Altice in 2016. He is now CEO and CEO of Madison Square Garden Sports Corp. The company owns the Knicks and Rangers franchises, among other properties, according to MSG Sports.
Newsday, which Cablevision bought in 2008, also came under Altice’s control through the sale. Patrick Dolan, another son of Charles Dolan, led a group that bought back 75 percent of Newsday Media Group in July 2016. Patrick Dolan then bought the remaining 25 percent stake in 2018.
At the time of his death, Charles Dolan and his family had a net worth of $5.4 billion, Forbes I mentioned.
Dolan was founder and chairman emeritus of the Lustgarten Foundation in Uniondale, New York, which conducts pancreatic cancer research.
He leaves behind six children, 19 grandchildren and five great-grandchildren. His wife, Helen Ann Dolan, died in 2023. Newsday I mentioned.
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