(Bloomberg) -- More than a year after selling Cablevision Systems Corp., the Dolan family is starting a new venture: investing in data, technology and analytics companies.
Dolan Family Ventures will be led by Kristin Dolan, who recently served as chief operating officer of Cablevision, where she oversaw the company's ad sales division, according to a statement Monday. She's also on the boards of AMC Networks Inc. and the Madison Square Garden Co.
Kristin Dolan is the wife of former Cablevision Chief Executive Officer James Dolan, who is an investor and strategic adviser to the new firm.
The Dolan family spent more than four decades building Cablevision into a cable giant in the New York and Long Island areas before selling it last year for $17.7 billion to the European telecom firm Altice SA. As they've struggled to hang on to subscribers who cut the cord for cheaper online alternatives, Cablevision and other cable companies looked for growth by using valuable set-top box to sell marketers more target advertising.
Dolan Family Ventures will look to invest in the media, entertainment and sports industries, according to the statement.
To contact the reporter on this story: Gerry Smith in New York at gsmith233@bloomberg.net. To contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Paul Barbagallo, Lisa Wolfson
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
