Cablevision 2011 Annual Report Download - page 25

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Wireless Licenses
Through subsidiaries, the Company holds interests in two sets of wireless licenses. First, an indirect
subsidiary of the Company owns a 90% interest in MVDDS licenses in 45 metropolitan areas including
New York, Miami, Los Angeles, and Cleveland. These licenses, which permit the use of one-way video
and data services, expire in September 2014. We are required to demonstrate that we are providing
"substantial service" in order to renew the licenses. We are currently using these licenses to provide
service to several hundred customers in Florida. The FCC's rules prohibit us from holding more than a
20% interest in the MVDDS license in the New York market because of common ownership with our
cable systems there, but we have obtained a waiver of this restriction through the end of the license term.
Second, a wholly-owned subsidiary of Bresnan Cable holds three licenses that permit us to provide
wireless broadband services in parts of Montana and Wyoming. In order to fully retain the licenses, we
are required to meet specified coverage requirements by June 2013 and at the end of the license term in
June 2019. We are not currently using these licenses to provide commercial service.
Employees and Labor Relations
As of December 31, 2011, we had 15,451 full-time, 1,593 part-time and 771 temporary employees of
which 580, 583 and 44, respectively, were covered under collective bargaining agreements. We believe
that our relations with employees are satisfactory.
On January 26, 2012, a majority of the Company's technician workforce in Brooklyn, New York voted to
be represented by the Communication Workers of America. The total unit of employees is comprised of
282 full time workers. We expect to engage in negotiations over a collective bargaining agreement.
Available Information and Website
We make available free of charge, through our investor relations section at our website,
http://www.cablevision.com/investor/index.jsp, our Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q and our Current Reports on Form 8-K reports and all amendments to those reports as soon as
reasonably practicable after such material is electronically filed with or furnished to the U.S. Securities
and Exchange Commission ("SEC").
The public may read and copy any materials the Company files with the SEC at the SEC's Public
Reference Room at 100 F Street, N.E., Washington, DC 20549. In addition, the public may obtain
information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The
SEC maintains an Internet site that contains reports, proxy and information statements, and other
information regarding issuers that file electronically with the SEC at its web site http://www.sec.gov.
Item 1A. Risk Factors
The financial markets are subject to volatility and disruptions, which have in the past, and may in the
future, adversely affect our business, including by affecting the cost of new capital, our ability to
refinance our scheduled debt maturities and our ability to meet our other obligations as they come due.
The economic downturn has adversely affected our business and may continue to do so.
The capital and credit markets experience volatility and disruption. At times, the markets have exerted
extreme downward pressure on stock prices and upward pressure on the cost of new debt capital and have
severely restricted credit availability for most issuers.
The market disruptions have been accompanied by a broader economic downturn, which has led to lower
demand for our products, such as cable television services and entertainment, as well as lower levels of
television and newspaper advertising, and increased incidence of customers' inability to pay for the