8-K 1 sc0103.htm CURRENT REPORT ON FORM 8-K Form 8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
April 7, 2005

CABLEVISION SYSTEMS CORPORATION
(Exact Name of Registrant as Specified in its Charter)

Delaware
(State of Incorporation)

1-14764
(Commission File Number)
  11-3415180
(IRS Employer
Identification Number)

CSC HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)

Delaware
(State of Incorporation)

1-9046
(Commission File Number)
  11-2776686
(IRS Employer
Identification Number)

1111 Stewart Avenue, Bethpage, New York 11714
(Address of principal executive offices)

Registrant’s telephone number, including area code:
(516) 803-2300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ] Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ] Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 OTHER EVENTS.

               On March 8, 2005, Cablevision Systems Corporation (the “Company”) entered into an agreement with Charles F. Dolan, the Chairman of the Company, and Thomas C. Dolan, a director of the Company, pursuant to which the parties were to work cooperatively to finalize the separation of the Company’s Rainbow DBS subsidiary from the Company. That agreement terminated on March 31, 2005 and, in accordance with its terms, the business of Rainbow DBS is to be shut down. All expenditures of Rainbow DBS after March 31, 2005 are being funded by the Company.

               The Board of Directors, at a meeting on April 7, 2005, confirmed its shut down decision and provided management with specific directives on shut down implementation including advising customers that the VOOM service will cease to be available on April 30, 2005. Management has begun implementing the shut down steps. The Board of Directors instructed management to continue to analyze whether its VOOM 21 channels can be marketed to other satellite and cable providers as part of the Company’s Rainbow programming operations.

 

 

 

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SIGNATURES

                Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

   CABLEVISION SYSTEMS CORPORATION


   By: /s/ Michael P. Huseby
     
      Name:
Title:
Michael P. Huseby
Executive Vice President and Chief Financial Officer


Dated:  April 7, 2005



                Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

   CSC HOLDINGS, INC.


   By: /s/ Michael P. Huseby
     
      Name:
Title:
Michael P. Huseby
Executive Vice President and Chief Financial Officer


Dated:  April 7, 2005

 

 

 

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