Cablevision 2011 Annual Report Download - page 46

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Item 7. Management's Discussion and Analysis of Financial Condition and Results of
Operations
This Form 10-K contains statements that constitute forward looking information within the meaning of
the Private Securities Litigation Reform Act of 1995. In this Form 10-K there are statements concerning
our future operating results and future financial performance. Words such as "expects", "anticipates",
"believes", "estimates", "may", "will", "should", "could", "potential", "continue", "intends", "plans" and
similar words and terms used in the discussion of future operating results and future financial
performance identify forward-looking statements. Investors are cautioned that such forward looking
statements are not guarantees of future performance or results and involve risks and uncertainties and that
actual results or developments may differ materially from the forward looking statements as a result of
various factors. Factors that may cause such differences to occur include, but are not limited to:
• the level of our revenues;
• competition for subscribers from existing competitors (such as telephone companies and direct
broadcast satellite ("DBS") distributors) and new competitors (such as high-speed wireless
providers) entering our franchise areas;
• demand for our video, high-speed data and voice services, which are impacted by competition
from other services and the other factors discussed herein;
• the cost of programming and industry conditions;
• changes in the laws or regulations under which we operate;
• the outcome of litigation and other proceedings, including the matters described under Item 3.
Legal Proceedings;
• general economic conditions in the areas in which we operate;
• the state of the market for debt securities and bank loans;
• demand for advertising in our newspapers along with subscriber and single copy outlet sales
demand for our newspapers;
• the level of our capital expenditures;
• the level of our expenses;
• future acquisitions and dispositions of assets;
• market demand for new services;
• demand for advertising inventory;
• the tax-free treatment of the MSG Distribution and the AMC Networks Distribution (each as
defined herein);
• whether pending uncompleted transactions, if any, are completed on the terms and at the times
set forth (if at all);
• other risks and uncertainties inherent in the cable television, newspaper publishing businesses,
and our other businesses;
• financial community and rating agency perceptions of our business, operations, financial
condition and the industries in which we operate; and
• the factors described in our filings with the Securities and Exchange Commission, including
under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" contained therein.
We disclaim any obligation to update or revise the forward looking statements contained herein, except as
otherwise required by applicable federal securities laws.