Cablevision 2013 Annual Report Download - page 77

(71)
Newsday's total average circulation for the six months ended September 23, 2012 was approximately
393,000 on weekdays, approximately 382,000 on Saturdays and approximately 472,000 on Sundays.
These circulation figures include digital subscriptions (most of which are free to Optimum Online and
certain Newsday print subscribers) to Newsday's restricted access website. These circulation figures
include Newsday's total average print circulation of approximately 278,000 on weekdays, approximately
268,000 on Saturdays and approximately 342,000 on Sundays, which represents a decline of
approximately 4.7%, 3.6%, and 4.3%, respectively, over the comparable prior year period. Circulation
revenue for the year ended December 31, 2012 increased $976 (1%) primarily due to higher home
delivery subscription revenues, partially offset by lower single copy sales.
Newsday's other publications, which include amNew York and Star Community Publishing, are
distributed for free. amNew York averaged weekday circulation of approximately 323,000 for the six
months ended September 23, 2012, an increase of approximately 2% over the comparable prior year
period. Star Community Publishing distributed approximately 1,844,000 copies each week (for the six
months ended September 23, 2012), a decrease of less than 1% over the comparable prior year period.
Technical and operating expenses (excluding depreciation and amortization shown below) for the year
ended December 31, 2012 increased $9,260 (4%) as compared to the prior year. The net increase is
attributable to the following:
Increase in expenses (including increases in operating costs of Newsday from $183,508 to
$188,999 primarily due to an increase in editorial and production expenses, partially offset by a
decrease in distribution, newsprint and ink expenses).................................................................... $11,328
Decrease in operating costs primarily at MSG Varsity ...................................................................... (2,068)
$ 9,260
Selling, general, and administrative expenses for the year ended December 31, 2012 decreased $12,699
(4%) as compared to the prior year. The net decrease is attributable to the following:
Decrease in employee related costs (resulting from $10,698 of certain executive separation costs
recorded in the fourth quarter of 2011, offset by an increase of $3,461 in expenses relating to
long-term incentive plan awards resulting from accrual reversals and reductions recorded in the
fourth quarter of 2011) ................................................................................................................ $(14,351)
Decrease in unallocated corporate costs due to decreases in certain overhead costs and increases
in allocations to business units .................................................................................................... (10,829)
Net increases primarily at News 12 Networks and Cablevision Media Sales .................................... 8,635
Increase in legal and other professional fees .................................................................................... 2,169
Increase at Newsday (from $105,040 to $106,637) including an increase of $1,331 in expenses
relating to long-term incentive plan awards to employees primarily resulting from accrual
reversals and reductions recorded in the fourth quarter of 2011 of $2,629..................................... 1,597
Intra-segment eliminations.............................................................................................................. 80
$(12,699)
Certain corporate overhead, including share-based compensation expense and expenses related to
Cablevision's long-term incentive plans, aggregating $16,864 and $32,885 for the years ended
December 31, 2012 and 2011, respectively, which were allocated to Clearview Cinemas, Bresnan Cable
and to AMC Networks (prior to the AMC Networks Distribution date) have been reclassified to the Other
segment.
Depreciation and amortization (including impairments) for the year ended December 31, 2012 increased
$10,139 (15%) as compared to the prior year. The net increase resulted primarily from the depreciation
of new asset purchases and an increase in impairment charges recorded at Newsday ($13,421 in 2012 and
$12,724 in 2011).