BETHPAGE, N.Y.--(BUSINESS WIRE)-- CSC Holdings, LLC (the “Company”), a subsidiary of Cablevision Systems Corporation (NYSE: CVC), announced today the final results of its previously

announced cash tender offers for up to a maximum aggregate purchase price of $600 million (the “Maximum Notes Purchase Price”) of its 8.50% Senior Notes due June 15, 2015 (the “2015 Notes”)

and its 8.50% Senior Notes due April 15, 2014 (the “2014 Notes” and, together with the 2015 Notes, the “Senior Notes”). The tender offers expired at 11:59 p.m., New York City time, on

October 11, 2012 (the “Expiration Date”). The terms and conditions of the tender offers are described in the Offer to Purchase and related Letter of Transmittal, dated September 13, 2012,

        $370,696,000                                 ACCEPTANCE PRIORITY LEVEL AGGREGATE PRINCIPAL AMOUNT OUTSTANDING PRIOR TO EARLY TENDER DATE PRINCIPAL AMOUNT TENDERED 8.50% Senior Notes

due June 15, 2015 8.50% Senior Notes due April 15, 2014 Holders of 2015 Notes who validly tendered their 2015 Notes prior to 5:00 p.m., New York City time, on September 26, 2012 (the “Early

Tender Date”) and whose 2015 Notes were accepted for purchase received total consideration of $1,046.25 per $1,000 principal amount of 2015 Notes, including an early tender premium of

$30.00 per $1,000 principal amount of 2015 Notes (the “2015 Notes Early Tender Premium”). Holders who validly tendered their 2015 Notes after the Early Tender Date but on or before the

Expiration Date and whose 2015 Notes are accepted for purchase will receive tender offer consideration less the 2015 Early Tender Premium equal to $1,016.25 per $1,000 principal amount of

2015 Notes. In addition to such consideration, the Company will pay in cash, in each case, accrued and unpaid interest on all validly tendered 2015 Notes accepted for purchase up to, but not

including, the payment date. Holders of 2014 Notes who validly tendered their 2014 Notes prior to 5:00 p.m., New York City time, on the Early Tender Date and whose 2014 Notes were accepted

for purchase received total consideration of $1,046.25 per $1,000 principal amount of 2014 Notes, including an early tender premium of $30.00 per $1,113.00 principal amount of 2014 Notes

(the “2014 Notes Early Tender Premium”). Holders who validly tendered their 2014 Notes after the Early Tender Date but on or before the Expiration Date and whose 2014 Notes are accepted for

purchase will receive tender offer consideration less the 2014 Early Tender Premium equal to $1,016.25 per $1,000 principal amount of 2014 Notes. In addition to such consideration, the

Company will pay in cash, in each case, accrued and unpaid interest on all validly tendered 2014 Notes accepted for purchase up to, but not including, the payment date. BofA Merrill Lynch,

J.P. Morgan Securities LLC, Barclays Capital Inc. and BNP Paribas Securities Corp. are acting as Dealer Managers for the tender offers. The Information Agent for the tender offers is

MacKenzie Partners Inc. Holders with questions regarding the tender offers should contact BofA Merrill Lynch at (888) 292-0070 (toll-free) and (646) 855-3401 (collect), J.P. Morgan

Securities LLC at (800) 245-8812 (toll-free) and (212) 270-1200 (collect), Barclays Capital Inc. at (800) 438-3242 (toll-free) and (212) 528-7581 (collect), or BNP Paribas Securities Corp.

at (888) 210-4538 (toll-free) and (212) 841-3059 (collect). This press release is for informational purposes only and does not constitute an offer to purchase nor the solicitation of an

offer to sell the Senior Notes. The tender offer was made only pursuant to the tender offer documents, including the Offer to Purchase and related Letter of Transmittal. The tender offers

were not made in any jurisdiction in which such offer, solicitation or acceptance thereof would not have been in compliance with the securities, blue sky or other laws of such jurisdiction.

In any jurisdiction in which the tender offers were required to be made by a licensed broker or dealer, it shall be deemed to have been made by the Dealer Managers on behalf of the Company.

Cablevision Systems Corporation is one of the nation's leading media and telecommunications companies. In addition to delivering its Optimum-branded cable, Internet, and voice offerings

throughout the New York area, the Company owns and operates cable systems serving homes in four Western states. Cablevision’s local media properties include News 12 Networks, MSG Varsity

and Newsday Media Group. Cablevision also owns and operates Clearview Cinemas. Additional information about Cablevision is available on the Web at www.cablevision.com. This press release

contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such

forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those

in the forward-looking statements as a result of various factors, including financial community and rating agency perceptions of the Company and its business, operations, financial condition

and the industries in which it operates and the factors described in the Company's filings with the Securities and Exchange Commission, including the sections entitled “Risk Factors”

and “Management's Discussion and Analysis of Financial Condition and Results of Operations” contained therein. The Company disclaims any obligation to update the forward-looking

statements contained herein. The Company’s obligation to accept any securities tendered and to pay the consideration for them is set forth solely in the Offer to Purchase and related Letter

of Transmittal. This press release is not an offer to purchase or a solicitation of an acceptance of the tender offers. The Company may extend or, subject to certain conditions, terminate

the tender offers at any time and in its sole discretion. Cablevision Systems Corporation Kelly McAndrew, 516-803-2351 Vice President Corporate Communications or Bret Richter, 516-803-2262

Senior Vice President Financial Strategy & Development Source: Cablevision Systems Corporation