OTHER MATTERS

Superstorm Sandy

On October 29, 2012, Superstorm Sandy made landfall in our service area, resulting in widespread power outages and service disruptions for almost 60% of the Cable segment's customers, as well as damage to certain portions of the Company's cable network.

The following table summarizes service outage credits which reduced revenues, net, incremental costs, depreciation and capital expenditures related to Superstorm Sandy for the year ended December 31, 2012 for our Cable segment:



Revenues, net	$	33,156

Operating expenses:
Technical and operating expenses	57,252
Selling, general and administrative expenses	15,118

Impact to AOCF	105,526

Depreciation	1,462

Impact to operating income	$	106,988

Capital expenditures	$	5,639

Revenues, net

Following the storm, the Company offered a credit to all customers who were without service (including cases where the loss of service was due to a loss of electric power) and who contacted the Company to request a credit. The Company recorded a reduction to revenue of approximately $33,156, which primarily relates to these customer credits for service outages in 2012 (including credits the Company expected to issue to customers who had yet to contact the Company as of December 31, 2012).

Technical and Operating Expenses

For the year ended December 31, 2012, technical and operating expenses incurred as a result of Superstorm Sandy included salaries resulting from incremental overtime and premium pay, payroll taxes and benefits of approximately $26,683, repairs and maintenance costs of approximately $40,883, and other costs of $2,266, partially offset by a reduction of programming and other costs of approximately $12,580. For the year ended December 31, 2013, the Cable segment incurred expenses of $7,484 which represented primarily repairs and maintenance costs.

Selling, General and Administrative Expenses

Selling, general and administrative expenses incurred as a result of Superstorm Sandy included primarily salaries resulting from incremental overtime and premium pay, payroll taxes and benefits of approximately $13,536 and other costs of approximately $1,582.

Depreciation

Depreciation included charges related to assets that were damaged beyond repair as a result of Superstorm Sandy.

Capital Expenditures

Capital expenditures of $5,639 related to Superstorm Sandy included replacement of various segments of the Company's network and the purchase of equipment necessary to expedite restoration of service.

The table above summarizes incremental costs and service outage credits and therefore does not include various other negative financial impacts to the Company's business resulting from Superstorm Sandy, including lower revenue related to customers for whom we decided to temporarily suspend billing during the restoration of their homes, displaced homes and advertising cancellations.

Common Stock Repurchases

Cablevision's Board of Directors has authorized the repurchase of up to a total of $1,500,000 of CNYG Class A common stock since inception of the program. Under the repurchase program, shares of CNYG Class A common stock may be purchased from time to time in the open market. Size and timing of these purchases will be determined based on market conditions and other factors. Funding for the repurchase program will be met with cash on hand, cash from operations, and/or borrowings under CSC Holdings' revolving loan facility, which would be distributed to Cablevision.

During the years ended December 31, 2014 and 2013, Cablevision did not repurchase any shares of CNYG Class A common stock. Since inception through December 31, 2014, Cablevision repurchased an aggregate of 45,282,687 shares for a total cost of $1,044,678, including commissions of $453. These acquired shares have been classified as treasury stock in Cablevision's consolidated balance sheets. As of December 31, 2014, Cablevision had $455,322 of availability remaining under its stock repurchase authorizations.