Connect with us

Hi, what are you looking for?

world

Billionaire HBO creator Charles Dolan dies aged 98

At the time, he was selling special programming to hotels through his Teleguide service, while cable television was taking off in rural areas.

In 1964 Dolan made a deal with New York to wire some Manhattan buildings with cable and a few years later, hoping to attract viewers, he made a deal to show the Knicks and Rangers play-offs on cable, according to Variety.

He then went on to create Home Box Office for movies, and then sold both his cable service and HBO to build up Cablevision, which ended up providing television and internet to households across the north-eastern United States.

In 2015, the Dolan family sold Cablevision to European company Altice for nearly $18bn (£14.3bn).

By then Dolan’s son James was running what the New York Times called the family’s empire.

And the Dolans had become “the family that New Yorkers often loved to hate”, according to the New York Times, over frustration over the Knicks’ performance and fights with networks over their programming that had threatened to keep customers from watching the Academy Awards and the World Series.

Dolan was worth $5.4bn (£4.3bn) at the time of his death, according to Forbes.

You May Also Like

Featured

King Charles III is to be the first British monarch to address the French Senate when he makes a state visit to France and...

Featured

Ukraine President Volodymyr Zelensky has personally thanked Britain for its “big support” in its war against an invading Russian army. Mr Zelensky flew into...

Europe

On 1 May this year Belgian journalist Roland Delacore wrote a personal opinion piece about the Church of Almighty God, which was published in...

Featured

Beleaguered PM Rishi Sunak will take “whatever steps necessary to restore integrity back into politics”. His determination was aired after the sacking of Conservative...