HBO and Cablevision founder Charles Dolan passes away at 98, leaves behind a billion-dollar legacy

Charles Dolan, who founded some of the most prominent U.S. media companies including Home Box Office Inc. and Cablevision Systems Corp., has died at age 98, according to a news report.

A statement issued Saturday by his family said Dolan died of natural causes, Newsday reported late Saturday.

“It is with deep sorrow that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founder of HBO and Cablevision,” the statement said.