“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 reads.
Dolan, whose family has a net worth of about $5.4 billion according to Forbes, also founded News12 in New York City, the first 24-hour cable channel for local news in the US.
The following year, in 1973, Dolan founded Cablevision, the cable company of which he was still the Chairman.
Charles Dolan, the billionaire founder of HBO and Cablevision, whose family owns Madison Square Garden, has died at age 98, his family said Saturday.
