Charles Dolan & family
Overview
- Source of Wealth
- Cable television
- Industry
- Media & Entertainment
- Residence
- Organization
- Chairman and Founder at Cablevision Systems
- Education
- John Carroll University (Drop Out)
- Children
- 6
Assets
- AMC Networks Inc.12,577,000 shares @ --AMCX-US
- Madison Square Garden Entertainment8,890,000 shares @ --MSGE-US
- Madison Square Garden Sports5,166,000 shares @ --MSGS-US
- Sphere Entertainment8,493,000 shares @ --SPHR-US
Biography
Charles Dolan and his 6 children own controlling stakes in AMC Networks and Madison Square Garden's entertainment and sports companies.
Dolan sold Cablevision, the cable giant he launched in 1973 with 1,500 customers, to billionaire Patrick Drahi's Altice for $17.7 billion in 2016.
After dropping out of John Carroll University, the Cleveland native got his start creating sports newsreels for TV stations from his home.
He moved to New York in 1952, making industrial films before wiring lower Manhattan with cable and founding HBO's predecessor, which he sold in 1973.
He is the chairman emeritus of the Lustgarten Foundation, the largest private funder of pancreatic cancer research in the world.
About
His brother, Larry Dolan, owns the Cleveland Guardians baseball team.
His son, James Dolan, is the CEO of publicly-traded Madison Square Garden Co., which owns the NBA's New York Knicks and the NHL's New York Rangers.