Business Management
Dolan was an ardent opponent of his father's proposed Voom satellite service, which became a polarizing controversy among Cablevision's Board of Directors. While supporters argued Voom could propel Cablevision into the future emerging satellite market and a wider customer base, opponents of the plan, including James Dolan, argued it was too expensive with no expense relief for the foreseeable future. In the end, the younger Dolan prevailed and Voom was shut down. This was an instrumental event in Dolan emerging from his father's shadow, albeit reluctantly, as a viable businessman.
However, his business career has not been without failures, which include purchasing the failing Wiz electronics and entertainment chain which ended up posting losses of $250 million before being liquidated and the Clearview Cinemas chain which has failed to generate any significant revenue.
Read more about this topic: James L. Dolan
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