DEFA14A 1 y41033defa14a.htm DEFA14A DEFA14A
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
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CABLEVISION SYSTEMS CORPORATION
 
(Name of Registrant as Specified In Its Charter)
 
 
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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(CABLEVISION LOGO)
FOR IMMEDIATE RELEASE
STATEMENT OF CABLEVISION PRESIDENT AND CEO JAMES L. DOLAN REGARDING THE DOLAN FAMILY OFFER
Bethpage, N.Y., October 16, 2007 — Cablevision Systems Corporation (NYSE: CVC) today announced that Cablevision President and CEO James L. Dolan, on behalf of the Dolan Family Group (DFG), has informed the company that the DFG has no intention of modifying its accepted offer to acquire all outstanding shares of Cablevision that the DFG does not already own for $36.26 per share in cash.
Statement from Cablevision President and CEO James L. Dolan:
“On behalf of my parents, brothers and sisters, I want to state emphatically that there will be no modification of the family’s accepted offer to acquire Cablevision. We are looking forward to next week’s vote and hope that the transaction is approved, but I’d underscore that I am completely prepared to continue to lead the company into the future as a public company if the transaction is not approved.”
Shareholders of record at the close of business on October 4, 2007 will be entitled to vote at the special meeting of shareholders on October 24, 2007, which will be held at 11:00 a.m. ET at Cablevision’s headquarters at 1111 Stewart Avenue, Bethpage, NY.
Cablevision Systems Corporation is one of the nation’s leading entertainment and telecommunications companies. Its cable television operations serve more than 3 million households in the New York metropolitan area. The company’s advanced telecommunications offerings include its iO: Interactive Optimum digital television, Optimum Online high-speed Internet, Optimum Voice digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision’s Rainbow Media Holdings LLC operates several successful programming businesses, including AMC, IFC, WE tv and other national and regional networks. In addition to its telecommunications and programming businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York’s Radio City Music Hall and Beacon Theatre, and owns and operates Clearview Cinemas.
This press release is not a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell shares of Cablevision, and it is not a substitute for the proxy statement and other filings with the Securities and Exchange Commission (“SEC”) relating to this transaction. Investors are urged to thoroughly review and consider those filings because they contain important information, including information concerning the participants in the solicitation and their interests in the transaction. Such documents are available free of charge at the SEC’s Web site (www.sec.gov) and from Cablevision.
“Safe Harbor” Statement under the Private Securities Litigation and Reform Act of 1995:
This press release includes forward-looking statements within the meaning of the federal securities laws that are subject to risks and uncertainties, including the inability to satisfy the conditions to any proposed transaction, general economic conditions, and other factors that may be identified in filings made with the SEC by Cablevision or the Dolan Family Group.
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Contacts:
       
For Cablevision:
      For Dolan Family Group:
Charlie Schueler
  516 803-1013   George Sard / Paul Caminiti, Sard Verbinnen & Co.
Kim Kerns
  516 803-2351   212 687-8080