Media mogul James Dolan takes straight shot at the limelight

Controversial media mogul James Dolan has been hailed as a visionary for his Sphere arena in Las Vegas. But can he square the circle financially?

THE TONIGHT SHOW STARRING JIMMY FALLON -- Episode 0828 -- James Dolan of JD & The Straight Shot
(Image credit: Andrew Lipovsky/NBCU Photo Bank/NBCUniversal via Getty Images)

There was no shortage of inflammatory commentary during Donald Trump’s rally at New York’s Madison Square Garden on 27 October. But the owner of the venue was studiedly apolitical. “As a business, we are neutral in political matters. We rent to either side,” said an MSG representative. The stance reflects that of its boss, James Dolan, who runs much of the media, sports and entertainment empire started by his 98-year-old father Charles – the founder of pay TV channels Cablevision and HBO (both now sold). Assets these days include the New York Knicks and Rangers sports teams and the $2.3 billion Sphere arena in Las Vegas.

Dolan junior, 69, is a registered Democrat, notes The Hollywood Reporter. But he’s also a close friend of Trump’s of 30 years’ standing, who got married at his Mar-a-Lago resort in Florida. Described by New York magazine in 2005 as “excitable, prone to outbursts and tantrums” but “smart enough to know that doesn’t play well in the media”, Dolan has spent a lifetime working in his father’s shadow. Throughout much of his tenure as CEO of Cablevision, which began in 1995, there was speculation about who was really running the show. The two came to blows 20 years ago when they fell out over Charles Dolan’s cherished cash-haemorrhaging Voom satellite venture. Ultimately the son prevailed and Voom was shut down.

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Jane writes profiles for MoneyWeek and is city editor of The Week. A former British Society of Magazine Editors (BSME) editor of the year, she cut her teeth in journalism editing The Daily Telegraph’s Letters page and writing gossip for the London Evening Standard – while contributing to a kaleidoscopic range of business magazines including Personnel Today, Edge, Microscope, Computing, PC Business World, and Business & Finance.