Cablevision 2012 Annual Report Download - page 151

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands, except per share amounts)
I-23
NOTE 1. DESCRIPTION OF BUSINESS, RELATED MATTERS AND BASIS OF
PRESENTATION
The Company and Related Matters
Cablevision Systems Corporation ("Cablevision"), its wholly-owned subsidiary CSC Holdings, LLC
("CSC Holdings," and collectively with Cablevision, the "Company") and their subsidiaries own and
operate cable television systems and own companies that provide regional news, local programming and
advertising sales services for the cable television industry, provide commercial data and voice services,
operate motion picture theatres and operate a newspaper publishing business. The Company classifies its
operations into two reportable segments: (1) Telecommunications Services, consisting principally of its
video, high-speed data, Voice over Internet Protocol ("VoIP") and its commercial data and voice services
operations; and (2) Other, consisting principally 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) a motion picture theatre business ("Clearview Cinemas"), (iii) the
News 12 Networks, which provide regional news programming services, (iv) the MSG Varsity network, a
network dedicated entirely to showcasing high school sports and activities and other local programming,
(v) a cable television advertising company, Cablevision Media Sales Corporation ("Cablevision Media
Sales"), and (vi) certain other businesses and unallocated corporate costs.
On February 9, 2010, Cablevision distributed to its stockholders all of the outstanding common stock of
The Madison Square Garden Company ("Madison Square Garden"), a company which owns the sports,
entertainment and media businesses previously owned and operated by the Company's Madison Square
Garden segment (the "MSG Distribution"). As a result of the MSG Distribution, the Company no longer
consolidates the financial results of Madison Square Garden for the purpose of its own financial reporting
and the historical financial results of Madison Square Garden have been reflected in the Company's
consolidated financial statements as discontinued operations for all periods presented through the MSG
Distribution date.
On June 30, 2011, Cablevision distributed to its stockholders all of the outstanding common stock of
AMC Networks Inc. ("AMC Networks"), a company which consists principally of national programming
networks, including AMC, WE tv, IFC and Sundance Channel, previously owned and operated by the
Company's Rainbow segment (the "AMC Networks Distribution"). As a result of the AMC Networks
Distribution, the Company no longer consolidates the financial results of AMC Networks for the purpose
of its own financial reporting and the historical financial results of AMC Networks have been reflected in
the Company's consolidated financial statements as discontinued operations for all periods presented
through the AMC Networks Distribution date.
Accounts payable to and advances to Madison Square Garden and AMC Networks that were previously
eliminated in consolidation are presented as amounts due to affiliates or amounts due from affiliates on
the Company's consolidated balance sheets.