Cablevision 2013 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2013 Cablevision annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

(19)
Employees and Labor Relations
As of December 31, 2013, we had 14,046 full-time, 852 part-time and 471 temporary employees of which
500, 559 and 43, respectively, were covered under collective bargaining agreements. We believe that our
relations with employees are satisfactory.
Approximately 255 of the Company's technician workforce, primarily in Brooklyn, New York are
represented by the Communication Workers of America. As of December 31, 2013, these employees
were not covered by 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
Our financial performance may be harmed by the significant and credible risks of competition in our
Cable segment.
Competition has adversely affected our business and financial results and may continue to do so. The
effects of competition may adversely affect our ability to service our debt. This risk is heightened by the
rapid technological change inherent in our business and the need to acquire, develop and adopt new
technology to differentiate our products and services from our competitors. We may need to anticipate
far in advance which technology we should use for the development of new products and services or the
enhancement of existing products and services. In addition, changes in the regulatory and legislative
environments may result in changes to the competitive landscape.
We face intense competition from two incumbent telephone companies, Verizon and AT&T, which offer
video programming in addition to their voice and high-speed Internet access services, and compete across
all of our telecommunications products. Verizon has constructed fiber to the home network plant that
passes a significant number of households in our service area. Verizon does not publicly report the extent
of their build-out or penetration by area. We estimate that Verizon is currently able to sell a fiber-based
video service to at least half of the households in our service area. Verizon's build out and video sales
activity in our service area is difficult to assess because it is based upon visual inspections and other
limited estimating techniques, and therefore our estimate serves only as an approximation. Verizon has
also built its fiber network to areas where we believe it is not currently able to sell its fiber-based video
service. Accordingly, Verizon may increase the number of customers in our service area to whom it is
able to sell video in the future. AT&T (which recently entered into an agreement to sell its Connecticut
operation to Frontier Communications) offers video service in competition with us in most of our
Connecticut service area. Verizon and AT&T also market DBS services in our service area. This
competition with Verizon and AT&T negatively impacts our video revenue in these areas and will
continue to do so in the future. Each of these companies has significantly greater financial resources than
we do. The attractive demographics of our New York metropolitan service territory make this region a
desirable location for investment in video distribution technologies by these companies. Verizon and