Cablevision Systems Corporation

Media Owners editors    Boulder, Colorado USA

Posted at 4:42pm on Friday, July 31st, 2009

Cablevision Systems Corporation announced on July 30, 2009 that its board of directors has authorized the company's management to move forward with the spin-off of the Madison Square Garden (MSG) business to Cablevision stockholders.

The transaction would be structured as a tax-free pro rata spin-off to Cablevision's existing shareholders and is expected to be completed by year-end 2009, subject to necessary approvals.

Once the spin-off is complete, Cablevision shareholders would own shares in both Cablevision and the new MSG, which would allow shareholders to more clearly evaluate each of the separate company's assets and future potential. It is anticipated that the spin-off would be in the form of a pro rata distribution to all shareholders of Cablevision, with holders of Class A common stock receiving Class A shares in Madison Square Garden and holders of Class B common stock receiving Class B shares in Madison Square Garden.

Both Cablevision and the new MSG would be controlled by the Dolan family through their ownership of Class B shares. Cablevision also reiterated that it is not considering the sale of MSG, any of MSG's businesses or any other Cablevision business at this time.

Following the spin-off, James Dolan would become Executive Chairman of the new, public Madison Square Garden and would continue in his present role as President and CEO of Cablevision. Hank Ratner would be President and CEO of Madison Square Garden, and would remain Cablevision's Vice Chairman. Charles Dolan would continue in his role as Cablevision's Chairman.

Bill    Hagatna, Guam

Posted at 5:45pm on Monday, May 25th, 2009

I am very disappointed seeing John McCain hosting the Memorial Day war classics. In my opinion, he was and still is a traitor to his country.

Sam Mowaswes    Bridgewater, New Jersey

Posted at 7:45am on Tuesday, March 3rd, 2009

I am amazed that after repearted requests I am unable to pursuade customer services Dept with CableVision to discount my monthly bill $20. The person indicated they will be fired and would rather loose me as a customer to Fios. I am sure Mr. Dolan have a different views related to retention of existing customers.

Edward Vogel    Baltimore, Maryland

Posted at 2:41pm on Tuesday, February 24th, 2009

I find that the constant appearance of clips for upcoming shows that appear at the bottom of the TV screen while watching movies on AMC is major annoyance. So much so that I am seriously considering dropping AMC from my watched network.
It is especially annoying when these popups appear when there is dialog written across the bottom of the screen when a language is being translated into english and can not be read because of it. I'm certain that I am not alone in this belief. If one is a regular viewer of AMC, he or she will know what programs are scheduled and certainlydoesn't need to be reminded with these constant annoyances.