Oct. 7, 2009 (Business Wire) -- CSC Holdings, Inc. (the “Company”), a subsidiary of Cablevision Systems Corporation (NYSE: CVC), announced today the final results of its previously announced cash tender offers for up to $975 million aggregate purchase price of the senior notes listed in the table below (the “Senior Notes”). The tender offers expired at 11:59 p.m., New York City time, on October 6, 2009 (the “Expiration Date”). The terms and conditions of each tender offer are described in the Offer to Purchase and related Letter of Transmittal distributed to holders of Senior Notes, as amended by the Company’s news releases dated September 10, 2009 and September 23, 2009.

The principal amount of each series of Senior Notes validly tendered and the principal amount of each series of Senior Notes that the Company has accepted for purchase pursuant to the tender offers, as well as the approximate proration factor for each series are set forth in the table below. The amount of each series of Senior Notes to be purchased in the tender offers was determined in accordance with the “Acceptance Priority Level” (in priority order) set forth in the table below, subject to the maximum aggregate purchase price of $975 million.

*Per $1,000 Principal Amount of Senior Notes

Holders of Senior Notes who validly tendered and did not validly withdraw their Senior Notes prior to 5:00 p.m., New York City time, on September 23, 2009 (the “Early Tender Date”) will receive the applicable Total Offer Consideration with respect to the Senior Notes that were accepted for payment, plus accrued and unpaid interest up to but not including the settlement date. Holders who validly tendered their Senior Notes after the Early Tender Date but prior to the Expiration Date will receive the applicable Base Offer Consideration with respect to the Senior Notes that were accepted for payment, plus accrued and unpaid interest up to but not including the settlement date.

The Total Offer Consideration or Base Offer Consideration, as applicable, plus accrued and unpaid interest, with respect to Senior Notes accepted for payment is expected to be paid by the Company on or about October 7, 2009, in accordance with the terms of the tender offers. Senior Notes that have been tendered but not accepted for payment will be promptly returned to the tendering holders.

BofA Merrill Lynch, Citigroup Global Markets Inc., and Credit Suisse Securities (USA) LLC acted as Dealer Managers for the tender offers. The Information Agent for the tender offers is MacKenzie Partners Inc. Holders with questions regarding the tender offers should contact BofA Merrill Lynch, Liability Management Group at (888) 292-0700 (toll free) or (646) 855-3401 (collect), Citigroup Global Markets Inc. at (800) 558-3745 (toll free) or (212) 723-6106 (collect), or Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll free) or (212) 538-1862 (collect). Requests for copies of any Offer to Purchase or Letter of Transmittal should be directed to the Information Agent, MacKenzie Partners Inc., at (800) 322-2885 (toll free) or (212) 929-5500 (collect).

This press release is for informational purposes only and does not constitute an offer to purchase nor the solicitation of an offer to sell the Senior Notes. Each tender offer was made only pursuant to the tender offer documents, including the Offer to Purchase and related Letter of Transmittal. The tender offers were not made in any jurisdiction in which such offer, solicitation or acceptance thereof would not have been in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the tender offers were required to be made by a licensed broker or dealer, they shall be deemed to have been made by the Dealer Managers on behalf of the Company.

Cablevision Systems Corporation is one of the nation's leading media and entertainment companies. Its cable television operations serve more than 3 million households in the New York metropolitan area. The company's advanced telecommunications offerings include its iO TV® digital television, Optimum Online® high-speed Internet, Optimum Voice® digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision operates several successful programming businesses, including AMC, IFC, Sundance Channel and WE tv, through Rainbow Media Holdings LLC, and serves the New York area as publisher of Newsday and other niche publications through Newsday Media Group. In addition to these businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York's famed Radio City Music Hall, the Beacon Theatre, and the Chicago Theatre, and owns and operates Clearview Cinemas.

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors, including financial community and rating agency perceptions of the company and its business, operations, financial condition and the industry in which it operates and the factors described in the Company's filings with the Securities and Exchange Commission, including the sections entitled “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” contained therein. The Company disclaims any obligation to update the forward-looking statements contained herein.