The Dolan family dynasty

By Laurie Bennett

March 16, 2011 at 11:04am

Despite their ubiquity in New York, the Dolans manage to keep a fairly low profile.

The family dynasty encompasses Cablevision, Madison Square Garden, Radio City Music Hall, the New York Rangers, the New York Knicks and Newsday.

Charles Dolan, the patriarch, founded Cablevision and now serves as chairman. His six children are all involved in the family business, with son James serving as Cablevision’s president and CEO.

James L. Dolan
James L. Dolan

Forbes last week estimated the family fortune at $3.3 billion, ranking the Dolans No. 336 among the world’s billionaires and No. 105 in the U.S.

Cablevision spun off its Madison Square Garden unit last year. The company plans to spin off Rainbow Media - parent company of AMC, IFC and Sundance Channel - under the new name AMC Networks Inc.

The Dolans have tried several times to take Cablevision private, but shareholders have balked. When the family’s $10.6 billion bid was turned down in 2007, it was the largest rejection of a buyout in trading history.

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