Cable tv pioneer, MSG boss and Cablevision and HBO founder Charles Dolan dies at 98, Newsday experiences

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NEW YORK (WABC) — Charles Dolan, the cable-television pioneer who based Cablevision and HBO together with buying management of Madison Sq. Backyard and its numerous companies, has died at 98.

A press release issued Saturday by his household stated 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 stated.

Dolan’s legacy in cable broadcasting contains the 1972 launch of House Field Workplace, later often known 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 major 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, one in all his sons, was the Cablevision CEO from 1995 till the 2016 sale to Altice. He now’s the chief chairman and CEO of Madison Sq. Backyard Sports activities Corp. The corporate owns the Knicks and Rangers franchises, amongst different properties, based on the MSG Sports activities web site.

Newsday, which Cablevision bought in 2008, additionally got here below 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 loss of life, Charles Dolan and his household had a web value 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 youngsters, 19 grandchildren and 5 great-grandchildren. His spouse, Helen Ann Dolan, died in 2023, Newsday reported.

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