Charles Dolan, the visionary founder of HBO and Cablevision, passed away at 98, leaving behind a legacy of innovation in television and a personal net worth of $5.4 billion, according to family statements.

Dolan's death marks the end of an era for the television industry, as he was instrumental in shaping modern media landscape through his founding of HBO in 1972 and Cablevision in 1973. His innovations paved the way for cable television, and his philanthropic efforts in cancer research reflect a commitment to societal advancement, underscoring the significant impact of his entrepreneurial vision.

Born in 1925, Charles Dolan began his career in the media landscape of New York City in 1952. He initially entered the radio business but quickly recognized the potential of cable television. This entrepreneurial insight led him to found Sterling Manhattan Cable in 1962, a company that laid the foundation for his later ventures in the industry.

In 1972, Dolan launched HBO (Home Box Office), which would become one of the most successful premium cable channels in history. His vision was to provide viewers with high-quality original programming, uncut movies, and exclusive sporting events. Under his leadership, HBO would go on to revolutionize how audiences consumed television content, directly contributing to the growth of subscription-based television services.

The following year, Dolan founded Cablevision, which grew to provide cable television services to millions of subscribers in the New York metropolitan area. Cablevision became known not only for its comprehensive programming offerings but also for its commitment to customer service and community involvement. In June 2016, Dolan completed the sale of Cablevision for $17.7 billion, marking one of the most significant transactions in the cable industry at that time.

Dolan's contributions to media earned him recognition as a pioneering figure in the cable industry. Forbes estimated his net worth at the time of his death to be $5.4 billion, a testament to his business acumen and the success of his enterprises. His legacy is marked not only by his financial success but also by his influence on the cultural landscape of American television.

Beyond his business endeavors, Dolan was dedicated to philanthropy. He was a founder and served as chairman emeritus of The Lustgarten Foundation, which is focused on funding pancreatic cancer research. This commitment to fighting cancer reflects both personal and professional motivations, as he worked to support advancements in medical research during his life.

Dolan's personal life included his marriage to Helen Ann Dolan, who passed away in 2023. Together, they raised a large family, and he is survived by six children, 19 grandchildren, and five great-grandchildren. His death represents not only a profound loss for his family but also for the many who were influenced by his work and charitable efforts.

In summary, Charles Dolan’s contributions to the media industry and his philanthropic initiatives have left a lasting mark. As the founder of HBO and Cablevision, he changed the way Americans interact with television, setting a high standard of quality and accessibility. His efforts in cancer research through The Lustgarten Foundation further reflect his commitment to bettering society. His passing at age 98 serves as a reminder of his profound impact and the changes he brought to the viewing habits of millions.