Cablevision 2011 Annual Report Download - page 7

(1)
PART I
Item 1. Business
This combined Annual Report on Form 10-K is separately filed by Cablevision Systems Corporation
("Cablevision") and CSC Holdings, LLC, formerly CSC Holdings, Inc. ("CSC Holdings" and collectively
with Cablevision, the "Company" or the "Registrants").
Cablevision Systems Corporation
Cablevision is a Delaware corporation which was organized in 1997. Cablevision owns all of the
outstanding membership interests in CSC Holdings and its liabilities include approximately $2.2 billion
of senior notes which amount does not include approximately $754 million of its senior notes held by
Newsday Holdings LLC, its 97.2% owned subsidiary. The $754 million of notes are eliminated in
Cablevision's consolidated financial statements and are shown as notes due from Cablevision in total
member's deficiency of CSC Holdings. Cablevision has no operations independent of its CSC Holdings
subsidiary.
CSC Holdings
CSC Holdings is one of the largest cable operators in the United States based on the number of video
subscribers. As of December 31, 2011, we served approximately 3.25 million video customers in and
around the New York metropolitan area and in Montana, Wyoming, Colorado and Utah. We believe that
our cable television systems in the New York metropolitan area comprise the largest metropolitan cluster
of cable television systems under common ownership in the United States (measured by number of video
subscribers). We also provide high-speed data and Voice over Internet Protocol ("VoIP") services using
our cable television broadband network. Through Cablevision Lightpath, Inc. ("Optimum Lightpath"),
our wholly-owned subsidiary, we provide telephone services and high-speed Internet access to the
business market. In addition, we own approximately 97.2% of Newsday LLC which operates a
newspaper publishing business. We also own regional news and high school sports programming
services, a motion picture theatre business and a cable television advertising sales business.
We classify our operations into two reportable segments: Telecommunications Services and Other. Our
Telecommunications Services segment includes our cable television business, including our video, high-
speed data, and VoIP operations and the operations of the commercial data and voice services provided
by Optimum Lightpath. It also includes the operations of our cable television systems in Montana,
Wyoming, Colorado and Utah, which were acquired in December 2010. Our Other segment includes the
operations of (i) Newsday, which includes the Newsday daily newspaper, amNew York, Star Community
Publishing Group, and online websites including newsday.com and exploreLI.com, (ii) our motion picture
theatre business ("Clearview Cinemas"), (iii) the News 12 Networks, our regional news programming
services, (iv) the MSG Varsity network, our network dedicated entirely to showcasing high school sports
and activities, (v) our cable television advertising company, Cablevision Media Sales Corporation
("Cablevision Media Sales"), previously known as Rainbow Advertising Sales Corporation and
(vi) certain other businesses and unallocated corporate costs. Refer to Note 19 to our consolidated
financial statements included in this Annual Report on Form 10-K for financial information about our
segments.