Cablevision 2013 Annual Report Download - page 90

(84)
subscribers receiving the programming. Amounts reflected above related to programming agreements are based on
the number of subscribers receiving the programming as of December 2013 multiplied by the per subscriber rates
or the stated annual fee, as applicable, contained in the executed agreements in effect as of December 31, 2013.
See Note 2 to our consolidated financial statements for a discussion of our program rights obligations.
(2) Operating lease obligations represent primarily future minimum payment commitments on various long-term,
noncancelable leases for office, production and storage space, and rental space on utility poles used for our Cable
segment. See Note 7 to our consolidated financial statements for a discussion of our operating leases.
(3) Includes franchise and performance surety bonds primarily for the Company's Cable segment. Also includes
outstanding guarantees primarily by CSC Holdings in favor of certain financial institutions in respect of ongoing
interest expense obligations and potential early termination events in connection with the monetization of our
holdings of shares of Comcast common stock. Does not include CSC Holdings' guarantee of Newsday LLC's
obligations under its senior secured loan facility, which amounted to $480,000 at December 31, 2013. Payments
due by period for these arrangements represent the year in which the commitment expires.
(4) Consists primarily of letters of credit obtained by CSC Holdings in favor of insurance providers and certain
governmental authorities for the Cable segment. Payments due by period for these arrangements represent the year
in which the commitment expires.
(5) Includes interest payments and future payments due on our (i) credit facility debt, (ii) senior notes and debentures,
(iii) notes payable and (iv) collateralized indebtedness. See Notes 9 and 10 to our consolidated financial statements
for a discussion of our long-term debt.
(6) Reflects the principal amount of capital lease obligations, including related interest.
(7) Represents tax liabilities, including accrued interest, relating to uncertain tax positions. See Note 12 to our
consolidated financial statements for a discussion of our income taxes.
At any time after the thirteenth anniversary of the closing of the Newsday Transaction (which occurred on
July 29, 2008) and on or prior to the date that is six months after such anniversary, Tribune Company will
have the right to require CSC Holdings to purchase Tribune Company's entire interest in Newsday
Holdings LLC at the fair value of the interest at that time. The table above does not include any future
payments that would be required upon the exercise of this put right.
Other Events
Sale of Bresnan Cable
On July 1, 2013, the Company completed the sale of Bresnan Cable for a purchase price of $1,625,000,
receiving net cash of approximately $675,000, which reflects certain adjustments, including an
approximate $962,000 reduction for certain funded indebtedness of Bresnan Cable, and transaction costs.
Bresnan Cable includes cable television systems in Montana, Wyoming, Colorado and Utah, previously
included in the Company's Telecommunications Services segment. The Company recorded a pre-tax gain
of approximately $408,000 for the year ended December 31, 2013 relating to the Bresnan Sale.
Litigation Settlement
In June 2011, in connection with the AMC Networks Distribution, CSC Holdings and AMC Networks
and its subsidiary, Rainbow Programming Holdings, LLC (the "AMC Parties") entered into an agreement
(the "VOOM Litigation Agreement") which provided that CSC Holdings and the AMC Parties would
share equally in the proceeds (including in the value of any non-cash consideration) of any settlement or
final judgment in the litigation with DISH Network, LLC ("DISH Network") that were received by
subsidiaries of AMC Networks from VOOM HD Holdings LLC ("VOOM HD").
In October 2012, the Company and AMC Networks settled the litigation with DISH Network. Pursuant
to the settlement agreement, DISH Network paid $700,000 to a joint escrow account for the benefit of the
Company and AMC Networks. On April 8, 2013, the Company and AMC Networks reached agreement,
pursuant to the VOOM Litigation Agreement, on the final allocation of the proceeds of the settlement.
The parties agreed that (a) the Company would be allocated a total of $525,000 of the cash settlement
payment; and (b) AMC Networks would retain $175,000 of the cash settlement payment (in addition to
the long-term affiliation agreements entered into with DISH Network as part of the settlement). The final
allocation was approved by independent committees of the Boards of Directors of the Company and