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98-Year-Old Media Mogul Charles Dolan Passes Away, Leaves Behind $5 Billion Legacy

Charles Dolan, the visionary behind HBO and Cablevision, passed away at 98. His family, who controls Madison Square Garden and AMC Networks, announced his death. Dolan’s net worth was estimated at $5 billion. He revolutionized the cable industry by introducing pay-TV with HBO in 1972. Cablevision, started in 1973, became a major player in cable TV, internet, and phone services. Dolan’s innovations included the first interactive TV service and the first regional sports network. His family’s holdings now include the New York Knicks and Rangers.

Source: seekingalpha.com

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