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&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;b&gt;&lt;font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;NOTE 1.&lt;/font&gt;&lt;/b&gt;&lt;b&gt;&lt;font style="FONT-WEIGHT: bold; FONT-SIZE: 3pt" size="1"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&lt;/b&gt; &lt;b&gt;&lt;font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt" size="2"&gt;BUSINESS&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;u&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;The Company and Related Matters&lt;/font&gt;&lt;/u&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;Cablevision Systems Corporation (&amp;#147;Cablevision&amp;#148;) and its wholly-owned subsidiary CSC Holdings, LLC (&amp;#147;CSC Holdings,&amp;#148; and collectively with Cablevision, the &amp;#147;Company&amp;#148;) own and operate cable television systems and, through Rainbow Media Holdings LLC, a wholly-owned subsidiary of CSC Holdings, have ownership interests in companies that produce and distribute national entertainment and regional news programming services.&amp;nbsp; The Company also owns companies that provide advertising sales services for the cable television industry, provide telephone service, operate motion picture theaters and operate a newspaper publishing business.&amp;nbsp; The Company classifies its business interests into three reportable segments:&amp;nbsp; (1)&amp;nbsp;Telecommunications Services, consisting principally of its video, high-speed data, Voice over Internet Protocol and its commercial data and voice services operations; (2)&amp;nbsp;Rainbow, consisting principally of national and regional television programming services, including AMC, WE&amp;nbsp;tv, IFC, Sundance Channel (since June&amp;nbsp;16, 2008), News&amp;nbsp;12, IFC Entertainment and the VOOM HD Networks (the U.S. domestic programming of which ceased in January&amp;nbsp;2009); and (3)&amp;nbsp;Newsday, consisting of the Newsday daily newspaper, amNew York, Star Community Publishing Group, and online websites including newsday.com and exploreLI.com.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;On February&amp;nbsp;9, 2010, Cablevision distributed to its stockholders all of the outstanding common stock of Madison Square Garden,&amp;nbsp;Inc. (&amp;#147;Madison Square Garden&amp;#148;), a company which owns the sports, entertainment and media businesses previously owned and operated by the Company&amp;#146;s Madison Square Garden segment (the &amp;#147;MSG Distribution&amp;#148;).&amp;nbsp; The MSG Distribution took the form of a distribution by Cablevision of one share of Madison Square Garden Class&amp;nbsp;A Common Stock for every four shares of Cablevision NY Group Class&amp;nbsp;A Common Stock held of record at the close of business in New York City on January&amp;nbsp;25, 2010 (the &amp;#147;Record Date&amp;#148;) and one share of Madison Square Garden Class&amp;nbsp;B Common Stock for every four shares of Cablevision NY Group Class&amp;nbsp;B Common Stock held of record on the Record Date.&amp;nbsp; On January&amp;nbsp;12, 2010, the Company transferred to Madison Square Garden the Company&amp;#146;s subsidiaries which owned, directly or indirectly, all of the partnership interests in Madison Square Garden, L.P.&amp;nbsp; As a result of the MSG Distribution on February&amp;nbsp;9, 2010, the Company no longer consolidates the financial results of Madison Square Garden for the purpose of its own financial reporting and the historical financial results of Madison Square Garden have been reflected in the Company&amp;#146;s consolidated financial statements as discontinued operations for all periods presented.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;Assets and liabilities related to the MSG Distribution on the Company&amp;#146;s consolidated balance sheets and related footnotes have been reclassified as assets distributed to shareholders/member in 2010 and liabilities to be distributed to shareholders/member.&amp;nbsp; All assets and liabilities distributed to shareholders/member in 2010 are excluded from the footnotes unless otherwise noted.&amp;nbsp; Amounts due to or due from Madison Square Garden that were previously eliminated in consolidation are now being presented as accounts payable to affiliates or advances to affiliates on the Company&amp;#146;s balance sheets for all periods presented.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN: 0in 0in 0pt"&gt;&lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"&gt;On November&amp;nbsp;10, 2009, CSC Holdings, converted its form of business organization from a Delaware corporation to a Delaware limited liability company (the &amp;#147;Conversion&amp;#148;).&amp;nbsp; Upon the Conversion, CSC Holdings,&amp;nbsp;Inc. became CSC Holdings, LLC.&amp;nbsp; All 14,432,750 shares of common stock, $0.01 par value, that were outstanding while it was a corporation were converted into the same number of membership units.&amp;nbsp; Since Cablevision owned all the outstanding shares of CSC Holdings, it is now the sole member owner of CSC Holdings, LLC.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;
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