Cablevision Systems Corp. announces regular quarterly dividend on preferred stock.

WOODBURY, N.Y.--(BUSINESS WIRE)--June 10, 1996--Cablevision Systems Corp. (CVC See CSC. :ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. ) today announced quarterly dividends on its three series of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders.

Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. :

o 11-3/4% Series H Redeemable Exchangeable Preferred Stock --

($2.97222 per preferred share paid in additional shares of

Series H Preferred Stock)

o 8-1/2% Series I Cumulative Convertible Exchangeable Preferred

Stock -- ($0.53125 per depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. share paid in cash)

o 11-1/8% Series L Redeemable Exchangeable Preferred Stock --

($2.78125 per depository share paid in additional shares of

Series L Preferred Stock)

The record date for dividends of all three issues of preferred stock is June 17, 1996. The payment date will be July 1, 1996.

Cablevision Systems Corp. and its affiliates serve more than 2.8 million cable television customers in 19 states and, through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners. , Rainbow Programming, manages entertainment, news and sports programming services.

CONTACT: Cablevision Systems Corp., Woodbury

Charles Schueler, 516/393-1399

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Publication:	Business Wire
Date:	Jun 10, 1996
Words:	153
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