Charles Dolan, the billionaire who founded HBO, AMC and Cablevision passed away over the weekend at the age of 98. A family spokesperson gave a statement saying Dolan died “from natural causes, surrounded by his loved ones.”
“It is with deep sorrow that we announce the passing of our beloved father and patriarch Charles Dolan, the visionary founder of HBO and Cablevision,” the statement said. “He is survived by his six children, 19 grandchildren, and five great-grandchildren.” The family said Dolan will be “remembered as both a trailblazer in the television industry and a devoted family man, his legacy will live on.”
Dolan founded Sterling Manhattan Cable in New York in 1962. Later, he would create Home Box Office Inc. (HBO) in 1972, followed by Cablevision in 1973. A little over a decade later, Dolan created American Movie Classics (AMC)
According to Newsday, Dolan launched News 12 in 1986, making it the first 24-hour cable channel for local news in the US. Dolan’s companies would go on to have major interest in Madison Square Garden, the New York Knicks and the New York Rangers.
Forbes reports Dolan and his family have a current net worth of over $5 billion. Dolan’s wife, Helen Ann Dolan, passed away in 2023.
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