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Charles Dolan, Founder of HBO and Cablevision, Dies at 98

Dec 29, 2024, 05:50 AM

Charles Dolan, the billionaire who founded HBO and Cablevision, has died at the age of 98. Dolan's family confirmed his passing on December 28, attributing his death to natural causes. He was a pioneer in the cable television industry, having established Home Box Office in 1972 and Cablevision the following year. His career began in New York City in 1952, and he later founded Sterling Manhattan Cable in 1962, which secured exclusive agreements with New York professional sports teams. Dolan's family, with a net worth of about $5.4 billion, also controls Madison Square Garden, the New York Knicks, and the New York Rangers. He is survived by six children, 19 grandchildren, and five great-grandchildren, following the death of his wife, Helen Ann Dolan, in 2023.