Cablevision 2011 Annual Report Download - page 215

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-91
NOTE 21. OTHER MATTERS
Common Stock Repurchases
In June 2010, Cablevision's Board of Directors authorized the repurchase of up to $500,000 of CNYG
Class A common stock. In February 2011, Cablevision's Board of Directors authorized the repurchase of
up to an additional $500,000 of CNYG Class A common stock. Under the repurchase program, shares of
CNYG Class A common stock may be purchased from time to time in the open market. Size and timing
of these purchases will be determined based on market conditions and other factors. Funding for the
repurchase program will be met with cash on hand and/or borrowings under CSC Holdings' revolving
loan facility which would be distributed to Cablevision.
For the year ended December 31, 2011, Cablevision repurchased an aggregate of 20,860,400 shares for a
total cost of approximately $539,565, including commissions of $209. Since inception through
December 31, 2011, Cablevision repurchased an aggregate of 31,686,000 shares for a total cost of
approximately $856,078, including commissions of $317. These acquired shares have been classified as
treasury stock in Cablevision's consolidated balance sheet. As of December 31, 2011, the Company had
approximately $143,922 of availability remaining under its stock repurchase authorizations.
NOTE 22. SUBSEQUENT EVENTS
Dividends
On February 22, 2012, the Board of Directors of Cablevision declared a cash dividend of $0.15 per share
payable on March 30, 2012 to stockholders of record on both its CNYG Class A common stock and
CNYG Class B common stock as of March 9, 2012.