Cablevision Systems Corporation Announces Regular Quarterly Dividend On Preferred Stock.WOODBURY, N.Y.--(BUSINESS WIRE)--Sept. 11, 1998--Cablevision Systems Corporation (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 the three series of preferred stock of it's subsidiary CSC Holdings, Inc. -- 11 3/4% Series H Redeemable Exchangeable Preferred Stock -- ($2.9375 per preferred share paid in additional shares of Series H Preferred Stock) -- 8 1/2% Series I Cumulative Convertible Exchangeable Preferred Stock -- ($ 0.53125 per depository share paid in cash) -- 11 1/8% Series M Redeemable Exchangeable Preferred Stock -- ($ 2.78125 per depository share paid in additional shares of Series M Preferred Stock) The record date for dividends of all three issues of preferred stock is September 18, 1998. The payment date will be October 1, 1998. Cablevision Systems Corporation is one of the nation's leading telecommunications and entertainment companies, and one of the largest operators of cable television systems in the United States. Cablevision serves more than 3.4 million cable customers with major operations in the New York, Boston, and Cleveland metropolitan areas. Its subsidiary, Rainbow Media Holdings, Inc., manages entertainment, news and sports programming, and is a 50-percent partner in Fox Sports Net. The Company owns a majority interest in Madison Square Garden Current arenas in the National Hockey League Western Conference Eastern Conference L.P., which includes the arena complex, the New York Knicks, the New York Rangers The New York Rangers are a professional ice hockey team based in New York, New York, U.S.A. They are members of the Atlantic Division of the Eastern Conference of the National Hockey League (NHL). , as well as the MSG Network. Its Radio City Entertainment manages the operations of New York's famed Radio City Music Hall Radio City Music Hall New York City’s famous cinema; home of the Rockettes. [Am. Hist.: NCE, 2338] See : Theater , and holds a long-term lease on the property. Cablevision Lightpath, a 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. , provides telephone service to more than 1,000 businesses on Long Island and in Connecticut, while Optimum Online offers high-speed online and Internet access via cable modems to customers in the New York metro For the region, see . Metro New York is a free daily newspaper in New York City started in 2004. Its main competition is AM New York, with which it practices many of the same distribution and marketing strategies. area. Cablevision also owns and operates the Nobody Beats The Wiz stores. CONTACT: Cablevision Systems Corporation Elizabeth Hrybenko, 516/393-1325 |
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