Charles Dolan, the billionaire founding father of HBO and Cablevision, whose household owns Madison Sq. Backyard, has died at age 98, his household stated Saturday.
Dolan handed away of pure causes in keeping with a press release reported by Newsday, which has been a Dolan household property since 2008.
“It is with deep sorrow that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founder of HBO and Cablevision,” the assertion reads.
Dolan’s profession started in New York Metropolis in 1952 when he was simply 26 years previous.
Dolan — the daddy of New York Knicks Government Chairman James Dolan — based Sterling Manhattan Cable in 1962, which had unique agreements with New York pro-sports groups, together with the Knicks and the Rangers.
Ten years later, in 1972, the Air Drive veteran established House Field Workplace — now generally known as HBO — the primary of-its-kind premium cable channel that may revolutionize the way in which individuals watched tv.
The next 12 months, in 1973, Dolan based Cablevision, the cable firm of which he was nonetheless the Chairman.
Dolan, whose household has a internet price of about $5.4 billion in keeping with Forbes, additionally based News12 in New York Metropolis, the primary 24-hour cable channel for native information within the US.
He’s survived by six youngsters, 19 grandchildren, and 5 great-grandchildren.
His spouse, Helen Ann Dolan, died in 2023.
