Charles Dolan, who once interviewed and hired me, passed the business ball to Jimmy, but couldn't he hold on and then dropped it?
Chuck hand-picked me to build News 12 The Bronx https://bronx.news12.com/ - This is why I like to call him Papa Dolan, who is the richest and most powerful Irish man in America. Starting off as a film projectionist, he went on to launch HBO and the rest is history. The 96-year-old media magnate is reportedly worth BILLION$.
His earliest professional endeavors focused on the packaging, marketing, and distribution of sports and industrial films, which he produced with his wife in their Cleveland home and then sold to television stations that syndicated the material. Dolan sold his interests to Telenews in exchange for a job and when Dolan was 26 he moved to New York and founded Teleguide Inc, a service that provided information to hotels.
That same decade, Dolan founded Sterling Manhattan Cable, the first company to wire buildings to have cable television access. In its early years, Sterling forged first-of-its-kind agreements to bring New York professional sports teams, cultural programming, and movies into the homes of New York City cable viewers,[9] including agreements with the New York Knicks and New York Rangers. Two years later, he sold Sterling Cable's Manhattan operations to Time Inc and renamed his Long Island business Cablevision Systems.
In the early 1970s, Dolan founded Home Box Office, the first premium programming service in the cable television industry, which he sold to Time Life. Later, he organized Cablevision Systems Corporation on Long Island and spearheaded many of the company's advancements. After that, he was the vision behind VOOM, Cablevision's effort to expand content delivery and meet the demands of the exploding HDTV market, which was expected to include 6 million households by the end of 2003 and 12 million by year-end 2005, but was shut down when other directors deemed it financially unsustainable.
From 2001 through early 2002, Dolan was a bidder in the sale of the Boston Red Sox. He submitted a maximum bid of $750 million but ultimately lost out to a group headed by John Henry, Tom Werner, and Larry Lucchino. But don't feel bad for Chucky because, In 2016, Dolan sold Cablevision to Patrick Drahi's Altice USA for $17.7 billion.
There are reportedly large-scale layoffs looming as cuts are seen in every operating area of the company once run by the master and maybe now be run down by the prodigal son. Will Jim's reckless behavior eventually make a repentant return before it's too late?
The story of the prodigal son is a picture of The Father's love for his children. It does not depend on faithfulness; it is unconditional. Though we are demanding and do not remain faithful, He is still our faithful and loving Father.
Topper at Radio City and AMC Networks to name a few, James L. Dolan broke the record for losses in one season. The team's failures and infighting have made the Knicks the most mocked NBA franchise.
Papa Dolan rarely grants interviews or makes public statements about business or family matters. Little Jimmy Dolan, whose waistline is not so little these days is Cablevision's CEO and Chairman of Madison Square Garden, which runs the Knicks, the Rangers of the NHL, and the Liberty of the Women's National Basketball Association.
https://www.nexttv.com/news/large-scale-layoffs-planned-at-amc-networks-james-dolan