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CABLEVISION CONCLUDES RETRANSMISSION AGREEMENT WITH ABC; CABLEVISION CALLS ON HOLDOUT BROADCASTERS TO CONCLUDE SIMILAR NEGOTIATIONS

 WOODBURY, N.Y., Sept. 30 /PRNewswire/ -- Cablevision Systems Corporation (AMEX: CVC), the nation's fourth-largest cable operator, announced today that the company has concluded a non-cash agreement with Capital Cities/ABC, Inc. (ABC) (NYSE: CCB) that secures retransmission rights for broadcast television stations owned and operated by the network and the Hearst Corporation through 1999.
 The agreement insures continued carriage on Cablevision systems of programming broadcast by stations owned and operated by ABC and Hearst. Cablevision anticipates that similar agreements will be concluded with ABC affiliates in all Cablevision systems, which serve 2.1 million subscribers across the country.
 "We're delighted to have reached an amicable, consumer-friendly agreement that avoids disruption of service and extra costs to our customers," said Cablevision President, Cable Operations, William J. Quinn. "That's been our objective all along and we thank ABC for helping us achieve it."
 "We hope this agreement will serve as a model for prompt settlements with holdout broadcasters who are still threatening to take their stations off Cablevision systems on Oct. 6," said Mr. Quinn. "Because we're encouraged by this and other agreements being concluded across the country, we've asked all the holdouts for temporary permission to continue carrying their programming beyond Oct. 6 to give us time to work out similar agreements without disrupting service to consumers."
 Cablevision and ABC also signed a separate agreement which authorizes Cablevision systems nationwide to add ABC's ESPN II to their channel lineups.
 The negotiations between cable companies and broadcast networks and their affiliates are the result of the new law passed by Congress last year. One provision of the new law, called "retransmission consent," gives broadcasters the right to take their programming off cable systems unless an agreement is reached with each cable company by Oct. 6.
 Cablevision has insisted on agreements that do not force subscribers to pay extra for broadcast programming their neighbors without cable receive free.
 Cablevision Systems Corporation owns and operates cable television systems in 19 states and through subsidiaries, owns interests in companies which produce and distribute programming services and provide advertising sales services for the cable television industry.
 -0- 9/30/93
 /CONTACT: Carole Shander of Cablevision Systems Corporation, 516-496-1271/
 (CVC CCB)


CO: Cablevision Systems Corporation; Capital Cities/ABC, Inc. ST: New York IN: ENT SU:

CK-OS -- NY064 -- 7328 09/30/93 13:33 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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