Cablevision Systems Corporation announces regular quarterly dividend on preferred stock.

WOODBURY, N.Y.--(BUSINESS WIRE)--March 13, 1997--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 its three series of preferred stock:

-- 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 Convertible exchangeable preferred stock

Convertible preferred stock that may be exchanged, at the issuer's option, into convertible bonds that have the same conversion features as the convertible 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 March 20, 1997. The payment date will be April 1, 1997.

Cablevision Systems Corporation is the nation's sixth largest operator of cable television systems, serving 2.8 million customers in 19 states with major operations in Boston, Cleveland and the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , where Cablevision has 1.6 million customers. 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 Holdings, Inc., manages entertainment, news and sports programming services.

CONTACT: Charles Schueler, 516/393-1399

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Publication:	Business Wire
Date:	Mar 13, 1997
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