Charles F. Dolan, who based among the most distinguished US media corporations together with House Field Workplace and Cablevision Techniques, has died at age 98, in response to a information report.
A press release issued on 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.
READ MORE: Actress Michelle Keegan and actuality star Mark Wright announce they’re anticipating their first youngster collectively
READ MORE: Father of the Bride star’s emotional tribute after director Charles Shyer dies
Dolan’s legacy in cable broadcasting contains the 1972 launch of House Field Workplace, later often called 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 US, 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 $US17.7 billion in June 2016.
Dolan, whose major house 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 and the New York Knicks and New York Rangers sports activities franchises, Newsday reported.
READ MORE: Royal household emerges from its most difficult 12 months in many years
James L. Dolan, one in all his sons, was the Cablevision CEO from 1995 till the 2016 sale to Altice.
He now could be the chief chairman and CEO of Madison Sq. Backyard Sports activities Corp.
The corporate owns the Knicks and Rangers, amongst different properties, in response to the MSG Sports activities web site.
A press release from MSG Leisure, MSG Sports activities and Sphere Leisure recalled Dolan’s “imaginative and prescient”.
All of the celebrities who’ve died in 2024
“Mr Dolan’s imaginative and prescient constructed the muse for the businesses we’re at present, and as a member of our Boards he continued to assist form our future. The influence he made on the media, sports activities, and leisure industries, together with because the founding father of Cablevision and HBO, is immeasurable,” the assertion mentioned.
“We don’t anticipate this to instantly or not directly change possession by the Dolan household.”
For a every day dose of 9honey, subscribe to our publication right here.
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 bunch that repurchased 75 per cent of Newsday Media Group in July 2016.
Patrick Dolan then bought the remaining 25 per cent stake in 2018.
READ MORE: From Bennifer to Isla Fisher and Sacha Baron Cohen: The superstar splits no one noticed coming in 2024
On the time of his dying, Charles Dolan and his household had a internet price of $US5.4 billion ($8.6 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.
FOLLOW US ON WHATSAPP HERE: Keep throughout all the newest in superstar, way of life and opinion by way of our WhatsApp channel. No feedback, no algorithm and no one can see your non-public particulars.
