Charles Dolan, Founder of HBO and Cablevision, Passes Away at Age 98
Charles F. Dolan, the visionary founder of Home Box Office Inc. and Cablevision Systems Corp., has passed away at the age of 98 due to natural causes. The news of his death was confirmed by his family in a statement issued on Saturday.
Legacy of Innovation and Influence
Dolan’s impact on the media industry is profound, with his groundbreaking ventures changing the landscape of cable broadcasting in the United States. In 1972, he launched Home Box Office, which later became known as HBO, revolutionizing the way audiences consumed television content. Subsequently, in 1973, he founded Cablevision Systems Corp. and in 1984, the American Movie Classics television station. Dolan also pioneered News 12 in New York City, the first 24-hour cable channel dedicated to local news in the country.
A Life of Success and Achievement
Hailing from Cleveland, Dolan’s entrepreneurial spirit led him to drop out of college and embark on a remarkable journey in the media and entertainment industry. His crowning achievement came in June 2016 when he completed the sale of Cablevision to Altice for a staggering $17.7 billion. Dolan’s influence extended beyond cable television, as he held controlling stakes in various iconic properties such as Madison Square Garden, Radio City Music Hall, the New York Knicks, and the New York Rangers.
Family and Philanthropy
Despite his immense success in business, Dolan’s true legacy lies in his family and philanthropic endeavors. Survived by six children, 19 grandchildren, and five great-grandchildren, he leaves behind a lasting impact on his loved ones. Furthermore, Dolan was a founding member and chairman emeritus of The Lustgarten Foundation, dedicated to pancreatic cancer research, showcasing his commitment to giving back to the community.
A Rich Heritage
As we mourn the loss of a pioneering figure in the media industry, Charles Dolan’s legacy will continue to inspire generations to come. His visionary approach to broadcasting and his dedication to philanthropy serve as a testament to a life well-lived and a legacy that will endure for years to come.
Let us remember Charles Dolan not only as a trailblazer in the world of media but also as a devoted family man and a philanthropic leader who left an indelible mark on the world around him.