company_name = Cablevision Systems Corporation.
company_type = Public (nyse|CVC)
location = flagicon|USA
Bethpage, New York, USA
Charles Dolan, Chairman James Dolan, President & CEO
Cable television, Professional sports
iO Digital CableCable Television Services Optimum OnlineCable Internet News 12 Madison Square Garden Radio City Music Hall New York Knicks New York Rangers New York Liberty Hartford Wolf Pack
revenue = $4.9 billion USD (
num_employees = 19,095 (
homepage = [http://www.cablevision.com/ www.cablevision.com]
Cablevision Systems Corporation (nyse|CVC) is an American
cable televisioncompany. It is the 5th largest cable provider in the USA, with most customers residing in New York, New Jersey, Connecticut, and parts of Pennsylvania. [http://www.ncta.com/ContentView.aspx?contentId=73] Cablevision also offers high-speed Internetconnections ( Optimum Online), as well as digital cable (iO), and VoIPphone service ( Optimum Voice) through its Optimum brand name.
Madison Square Garden, L.P.subsidiary controls the Madison Square Gardenarena in New York City, and the professional sports teams that play there—the New York Knicks, New York Rangers, and New York Liberty. The same company also owns the Hartford Wolf Pack, a minor-league professional hockey team affiliated with the Rangers, and operates (but does not own) one Connecticutsports venue: Rentschler Field, the football home for the Connecticut Huskies.
Cablevision's sports holdings also include TV rights for the Knicks, Rangers, Liberty,
New York Islanders, New Jersey Devilsand Red Bull New York. These games are aired on their MSG Networkand MSG Plus(formerly FSN New York) cable channels. Cablevision previously had the rights to the New York Yankees, New Jersey Netsand New York Mets, who left to start their own channels. Cablevision previously attempted to purchase the Yankees, Mets and Boston Red Sox, in part, to control their broadcast rights.
Other Cablevision properties
Other properties that are owned by Cablevision, through its Madison Square Garden, L.P. division, include the
Beacon Theater[http://www.newsday.com/news/local/wire/newyork/ny-bc-ny--beacontheatre1115nov15,0,5052220.story?coll=ny-region-apnewyork] and Clearview Cinemas. They have a long-term lease to operate Radio City Music Hall. Cablevision does own Radio City Entertainment, the company that operates the Rockettes.
The company owns a satellite television company called
Voom, which shut down on April 30, 2005, but lives on as a series of High-definition televisionchannels available on Cablevision and iO digital cable as of July 2007 and internationally. The company boasts of having the most HD channels than of any service. Other services (cable, satellite, and telcos) are rapidly increasing their channel selections and also making claims of superiority. DirecTVplanned to offer over 100 HD Channels by the end of 2007. [http://www.engadgethd.com/2007/01/09/directv-to-carry-100-national-hd-channels-in-2007/.] The company is based in Bethpage, New Yorkon Long Islandand is headed by the Dolan family, who reside on Long Island.
On April 30, 2007, Cablevision announced that its control of FSN Bay Area and FSN New England is being bought by
Comcastfor $570 million. [ [http://news.yahoo.com/s/nm/20070430/media_nm/comcast_rainbow_dc_1 Comcast, Cablevision in deal on 2 sports networks] , "Yahoo!", April 30, 2007]
On May 12th, 2008,
Newsdayreported that it would be purchased by Cablevision in a deal worth $650m. [ [http://www.newsday.com/business/ny-bznews0512x,0,7341028.story Cablevision announces deal to buy Newsday] , Newsday, May 12, 2008] The sale was completed on July 29, 2008. [ [http://www.broadcastingcable.com/article/CA6582623.html Cablevision Completes Newsday Buy from Tribune] , Broadcasting and Cable, July 29, 2008]
Cablevision's role in the West Side Stadium debate
2004and 2005, Cablevision provided funding for an advertising campaign against the proposed construction of a stadium on the West Side of Manhattansupported by the Mayorof New York City, Michael Bloomberg. The stadium would have principally served the New York Jets, and was an essential part of New York City's failed bid for the 2012 Olympics. Cablevision had offered a competitive bid that far exceeded the bid of the Jets for property owned by the Metropolitan Transportation Authority, where the new stadium would have been located. The plans to build the stadium were abandoned in June 2005when the New York State Assemblyunder the leadership of Speaker Sheldon Silverrefused to provide state subsidies for the project.
Products and services
iO Digital Cable
Cablevision did not carry most of the games of the New York Yankees in 2002, because they would not accept the price asked by
YES Network. A deal was made the following year.Cablevision has also never carried the NFL Network, as the company has stated that it would like to be able to carry NFL Sunday Ticket(which is, by contract, exclusive to DirecTVuntil the 2011 season) before it carries NFL Network. This has been criticized by New Jersey legislators. [http://www.hollywoodreporter.com/hr/content_display/news/e3i8b4e2c24bf2df48e5601a0466f77a42f]
Cablevision, as a content provider, also engaged in a dispute with
Verizonover the carriage of MSG Networkand Fox Sports Net New Yorkon its FiOStelevision systems. Verizon sued Cablevision, claiming that the latter company did not want to make their valuable local sports coverage available to an emerging competitor to their cable systems. An agreement was reached in November 2006 allowing FiOS to carry these channels. [http://www.fierceiptv.com/story/release-verizon-inks-fios-tv-content-deal-with-rainbow-media/2006-11-22] .
Current members of the
board of directorsof Cablevision are: Charles Dolan, James Dolan, Patrick Dolan, Rand Araskog, Frank Biondi, Charles Ferris, Richard Hochman, Victor Oristano, Thomas Reifenheiser, John R. Ryan, Brian Sweeney, Vincent Tese, Leonard Tow.
2006, the Dolan family announced a plan to purchase the company and privatize it, after a failed attempt in 2005, which would have spun off Rainbow Mediaas a publicly traded company.
May 2, 2007, after repeated attempts, the Dolan family announced that a deal worth $10.6 billion had been reached for Cablevision to be taken private, but agreement was not reached with other shareholders. [ [http://biz.yahoo.com/ap/070502/cablevision_dolans.html?.v=4, Cablevision Agrees to Be Taken Private] , "Yahoo!", May 2, 2007] Cablevision stock trades under the ticker symbol CVCon the New York Stock Exchange.
Rainbow MediaHoldings LLC owns a series of local and national cable networks including IFC, AMC, Fuse, WE tv, News 12 , MSG Networkand Voom HD Networks.
*Cablevision once owned New York-area electronics chain The Wiz, before closing it.
Competition on Long Island
For many years, Cablevision has been the sole cable provider for the people of Long Island, though it was unofficial, but recently, the new
Verizon FiOSservice has been going around Long Island and other places, starting franchise agreements with local villages and towns. This could begin to pose a threat on Cablevision's part, since Cablevision has fewer channels than FiOS, as well as other service providers such as Time Warner Cable, and they have been criticised for their frugality on Long Island. As a result, Cablevision has released a set of commercials showcasing the Rainbow Media Holdings channels that FiOS does not carry, such as News 12 Networks, MSG HD and MSG Plus HD.
* [http://www.cablevision.com/ Cablevision website]
* [http://www.optimum.com/ Optimum website]
* [http://www.io.tv/ iO] (Interactive Optimum) Digital Cable Television Service
* [http://www.optimumonline.com/ Optimum Online] High-speed broadband Cable Internet Service
* [http://www.optimumvoice.com/ Optimum Voice] Digital Phone Service
* [http://www.newyorkgames.org/news/archives/004063.html#more Interview] (March 7, 2005) about possible sale of Cablevision
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