Close Menu
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

The world’s largest air force with the F-35 fleet in 2025

AI systems learn from many types of scientific information and run experiments to discover new materials | MIT News

Among the most troublesome relationships in healthcare AI

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest Vimeo
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World
Karachi Chronicle
You are at:Home » Charles Dolan dies at 98: Visionary HBO founder leaves behind $5.4 billion net worth
Entertainment

Charles Dolan dies at 98: Visionary HBO founder leaves behind $5.4 billion net worth

Adnan MaharBy Adnan MaharDecember 30, 2024No Comments3 Mins Read0 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


Charles F. Dolan, who founded some of America’s most prominent media companies, including Home Box Office (HBO) and Cablevision Systems, has died at the age of 98, according to reports.

HBO founder Charles Dolan has died at the age of 98.
HBO founder Charles Dolan has died at the age of 98.

Dolan’s family announced in a statement Saturday that he died of natural causes, Newsday reported late Saturday. “It is with deep sadness that we announce the passing of Charles Dolan, our beloved father, patriarch, and visionary founder of HBO and Cablevision,” the statement said.

Dolan’s accomplishments in cable broadcasting include the launch of Home Box Office (later known as HBO) in 1972, Cablevision in 1973 and the American Movie Classic television station in 1984. He also launched News 12, New York City’s first 24-hour cable. Newsday, a local news channel in the United States, reported.

The Cleveland native, who dropped out of John Carroll University outside Cleveland, completed the $17.7 billion sale of Cablevision to European communications and cable company Altice in June 2016.

Mr. Dolan, who was based in Cove Neck Village on Long Island, New York, also held controlling interests in companies that owned Madison Square Garden, Radio City Music Hall, and the New York Knicks and New York Rangers sports franchises. , reported Newsday.

One of his sons, James L. Dolan, served as CEO of Cablevision from 1995 until its sale to Altice in 2016. He currently serves as Chairman and CEO of Madison Square Garden Sports. According to MSG Sports’ website, the company owns facilities for the Knicks and Rangers, among others.

Statements from MSG Entertainment, MSG Sports, and Sphere Entertainment recalled Dolan’s “vision.” “Mr. Dolan’s vision laid the foundation for the company we are today, and he continued to help shape our future as a member of the Board of Directors. As the founder of Cablevision and HBO, Dolan’s vision laid the foundation for the company we are today. The impact has been immeasurable,” he said in a statement. “We do not anticipate that this will directly or indirectly result in a change in ownership by the Dolan family.”

Newsday, which Cablevision acquired in 2008, also came under Altice’s control as a result of the sale. Charles Dolan’s other son, Patrick Dolan, led the group that bought back 75% of Newsday Media Group in July 2016. Patrick Dolan then bought the remaining 25% stake in 2018.

At the time of his death, Charles Dolan and his family had a net worth of $5.4 billion, Forbes reported.

Dolan was the founder and chairman emeritus of the Lustgarten Foundation in Uniondale, New York, which conducts pancreatic cancer research.

He is survived by six children, 19 grandchildren and five great-grandchildren. His wife, Helen Ann Dolan, died in 2023, Newsday reported.



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleWhy Poland’s Donald Tusk is perfect as Europe’s ‘Trump Whisperer’ | Paul Taylor
Next Article BatX Energies launches new lithium-ion battery recycling unit in UP
Adnan Mahar
  • Website

Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

Related Posts

Three new peacock movies with at least 90% rotten tomatoes (September 2025)

September 21, 2025

One after another, it looks like a close end to Warner Bros. Hot Streaks at the Box Office

September 18, 2025

“Billy Bud,” “Superman,” and “Priscilla” actors were 87 years old.

August 17, 2025
Leave A Reply Cancel Reply

Top Posts

20 Most Anticipated Sex Movies of 2025

January 22, 2025461 Views

President Trump’s SEC nominee Paul Atkins marries multi-billion dollar roof fortune

December 14, 2024122 Views

How to tell the difference between fake and genuine Adidas Sambas

December 26, 202486 Views

Alice Munro’s Passive Voice | New Yorker

December 23, 202474 Views
Don't Miss
AI September 25, 2025

AI systems learn from many types of scientific information and run experiments to discover new materials | MIT News

Machine learning models can speed up discovery of new materials by making predictions and proposing…

Among the most troublesome relationships in healthcare AI

Does access to AI become a fundamental human right? Sam Altman says, “Everyone would want…”

Google’s Gemini AI is on TV

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Karachi Chronicle, your go-to source for the latest and most insightful updates across a range of topics that matter most in today’s fast-paced world. We are dedicated to delivering timely, accurate, and engaging content that covers a variety of subjects including Sports, Politics, World Affairs, Entertainment, and the ever-evolving field of Artificial Intelligence.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

The world’s largest air force with the F-35 fleet in 2025

AI systems learn from many types of scientific information and run experiments to discover new materials | MIT News

Among the most troublesome relationships in healthcare AI

Most Popular

10 things you should never say to an AI chatbot

November 10, 20040 Views

Character.AI faces lawsuit over child safety concerns

December 12, 20050 Views

Analyst warns Salesforce investors about AI agent optimism

July 1, 20070 Views
© 2025 karachichronicle. Designed by karachichronicle.
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.