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> Late last month, James Dolan, the company’s chairman, made clear how troublesome that was for the company…. It was a surprising admission for Mr. Dolan, _whos
by akiselev 4y ago
> Late last month, James Dolan, the company’s chairman, made clear how troublesome that was for the company…. It was a surprising admission for Mr. Dolan, _whose family controls AMC Networks_. (emphasis mine)
I think this is just another case of a cash cow getting nuked by incompetence through nepotism. His daddy is a billionaire and his claim to fame is not investing in satellite television. He went from trust fund rehab [1] kid to media executive.
Edit: [1] there’s nothing wrong with going to rehab but most people don’t go from rehab to CEO of Cablevision.
- nonameiguess 4y agoHow the f did James Dolan become CEO of AMC? You're vastly underselling his shittiness as a person and businessperson. He also bought a chain of electronics stores right before the industry all but vanished, then bought a chain of movie theaters right before the industry all but vanished, and is possibly the worst sports franchise owner in North American pro sports, destroying a hugely storied team in the basketball capital of the world, banning fans and former players from the arena for criticizing him, and also firing one of the most legendary play-by-play guys of all-time for criticism. Then there's bullshit like this: https://www.vanityfair.com/news/2019/07/inside-jim-dolans-feud-with-steve-ballmer https://www.vanityfair.com/news/2019/07/inside-jim-dolans-fe... Apparently after tanking New York City's bid for the Olympics because he didn't want Madison Square Garden to have to compete with the new venues that would be built, he tried to do something similar in Inglewood, but had his lunch eaten by Ballmer because he let some underlings whose names he can't remember handle the details and didn't get the deal he thought he was getting. Dude could give Meg Whitman a lesson on how to fail upward better. She might be President by now.
- ciabattabread 4y agoIt amazes me that Dolan the relatively successful hockey team owner and Dolan the bad basketball team owner are the same guy.