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(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 ("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 $2.8 billion
of senior notes which amount does not include approximately $611 million of its senior notes held by
Newsday Holdings LLC, its 97.2% owned subsidiary. The $611 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
customers. As of December 31, 2013, we served approximately 2.8 million video customers in and
around the New York metropolitan area. 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 customers). We also provide high-speed
data (also referred to as high-speed Internet access) and Voice over Internet Protocol ("VoIP") services
using our cable television broadband network. Through Cablevision Lightpath, Inc. ("Lightpath"), our
wholly-owned subsidiary, we provide Ethernet-based data, Internet, voice and video transport and
managed services, to the business market in the New York metropolitan area. In addition, we own
approximately 97.2% of Newsday LLC which operates a newspaper publishing business. We also own a
cable television advertising sales business and regional news and other local programming services
businesses.
We classify our operations into three reportable segments: (1) Cable, consisting principally of our video,
high-speed data, and VoIP services; (2) Lightpath; and (3) 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) the News 12 Networks, which provide
regional news programming services, (iii) Cablevision Media Sales Corporation ("Cablevision Media
Sales"), a cable television advertising company, (iv) MSG Varsity, a program service dedicated to
showcasing high school sports and activities and other local programming, and (v) certain other
businesses and unallocated corporate costs. Refer to Note 17 to our consolidated financial statements
included in this Annual Report on Form 10-K for financial information about our segments.
On June 27, 2013, we completed the sale of substantially all of our Clearview Cinemas' theaters
("Clearview Cinemas") pursuant to an asset purchase agreement entered into in April 2013 (the
"Clearview Sale"). On July 1, 2013, we completed the sale of our Bresnan Broadband Holdings, LLC
subsidiary ("Bresnan Cable") pursuant to a purchase agreement entered into in February 2013 (the
"Bresnan Sale"). For additional information concerning the Clearview Sale and the Bresnan Sale, see
"Item 8. Financial Statements and Supplementary Data".
Effective as of the closing dates of the Clearview Sale and the Bresnan Sale, the Company no longer
consolidates the financial results of Clearview Cinemas and Bresnan Cable. Accordingly, the historical