At his home in Oyster Bay, New York, Charles Dolan, the powerful media government who founded HBO and Cablevision and revolutionised American television, passed away on Saturday. He was 98 years old.
In a declaration issued Saturday morning, his circle of relatives acknowledged that the demise become as a result of herbal reasons. As stated within the statement, “We remorse to tell you of the passing of our liked father and patriarch, Charles Dolan, the visionary founding father of HBO and Cablevision.”
Charles Dolan whose anticipated net well worth become $5.4 billion with the aid of Forbes, created a media company that transformed the manner Americans watch television.
In 1972, he founded Home Box Office (HBO), which has become the primary premium cable television carrier within the US.
James L. Dolan, his son and the current CEO of Madison Square Garden Sports Corp., stated that Charles Dolan was one of the most important individuals inside the history of current media.
Before relocating to New York in 1952, the Cleveland native started out his career producing sports activities newsreels. After making commercial movies for some time, he saw the promise of cable TV and founded Sterling Manhattan Cable in 1962.
A fundamental turning factor in Dolan’s career became reached in 2016 while he bought Cablevision to Altice, a European telecom business, for $17.7 billion.
In addition to his accomplishments in business, Charles Dolan became chairman emeritus of the Lustgarten Foundation, America’s finest private donor to pancreatic cancer studies.
Six children, 19 grandchildren, and five great-grandchildren survive him. Helen Ann Dolan, his wife, passed away in 2023. The family representative said that funeral plans will be revealed in the next several days.
Regional sports networks and subscription-based content models are only two examples of how Charles Dolan’s inventions are still having an impact on the media landscape. Millions of Americans’ current entertainment choices are influenced by his legacy.
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