Charles F. Dolan, who based among the most outstanding U.S. media corporations together with Residence Field Workplace Inc. and Cablevision Techniques Corp., has died at age 98, in accordance with a information report.
A press release issued Saturday by his household mentioned Dolan died of pure causes, Newsday reported late Saturday.
“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 assertion mentioned.
Dolan’s legacy in cable broadcasting consists of the 1972 launch of Residence Field Workplace, later referred to as HBO, and founding Cablevision in 1973 and the American Film Classics tv station in 1984. He additionally launched Information 12 in New York Metropolis, the primary 24-hour cable channel for native information within the U.S., Newsday reported.
The Cleveland native, who dropped out of John Carroll College in suburban Cleveland, accomplished the sale of Cablevision to Altice, a European telecommunications and cable firm, for $17.7 billion in June 2016.
Dolan, whose main residence was in Cove Neck Village on Lengthy Island in New York, additionally held controlling stakes in corporations that owned Madison Sq. Backyard, Radio Metropolis Music Corridor, the New York Knicks and the New York Rangers, Newsday reported.
James L. Dolan, certainly one of his sons, was the Cablevision CEO from 1995 till the 2016 sale to Altice. He now could be the manager chairman and CEO of Madison Sq. Backyard Sports activities Corp. The corporate owns the Knicks and Rangers franchises, amongst different properties, in accordance with the MSG Sports activities web site.
Newsday, which Cablevision bought in 2008, additionally got here underneath the management of Altice with the sale. Patrick Dolan, one other son of Charles Dolan, led a gaggle that repurchased 75% of Newsday Media Group in July 2016. Patrick Dolan then bought the remaining 25% stake in 2018.
On the time of his dying, Charles Dolan and his household had a web price of $5.4 billion, Forbes reported.
Dolan was a founder and chairman emeritus of The Lustgarten Basis in Uniondale, New York, which conducts pancreatic most cancers analysis.
He’s survived by six kids, 19 grandchildren and 5 great-grandchildren. His spouse, Helen Ann Dolan, died in 2023, Newsday reported.
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