Now Playing

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. (BBC News)

The post Billionaire HBO creator Charles Dolan dies aged 98 appeared first on nationnews.com.

Share the Post:
📲 Download the LOUD App
Faster access. Better experience. Tap once and you’re locked in.
🎧 Live Radio 24/7
🔥 Top DJs + Trending Shows
⚡ Instant tap & play
Available on Google Play
You can always listen on web too. iOS App Coming Soon!

#LOUD

Music Submission

Fill out the form below, and we will be in touch shortly.
Contact Information
Upload & Submit