DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS (Tables)

9 Months Ended

Sep. 30, 2011

Derivative Contracts and Collateralized Indebtedness [Abstract]

Schedule of Interest Rate Swap Contracts

As of September 30, 2011, CSC Holdings was party to several interest rate swap contracts with an aggregate notional amount of $2,600,000 that effectively fixed borrowing rates on a portion of the Company's floating rate debt.  These contracts are not designated as hedges for accounting purposes.  As a result of the CSC Holdings interest rate swap transactions, the interest rate paid on approximately 82% of the Company's outstanding debt (excluding capital leases and collateralized indebtedness) is effectively fixed (57% being fixed rate obligations and 25% is effectively fixed through utilization of these interest rate swap contracts) as of September 30, 2011.  The table below summarizes certain terms of these interest rate swap contracts as of September 30, 2011:

Maturity Date	Notional Amount		Weighted Average Fixed Rate Paid by the Company			Weighted Average Effective Floating Rate Received by the Company at September 30, 2011*
June 2012	$	2,600,000		4.86	%		0.34	%

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* Represents the weighted average effective floating rate received by the Company under its interest rate swap contracts at September 30, 2011 and does not represent the rates to be received by the Company on future payments.

Location of Assets and Liabilities Associated with Derivative Instruments Within the Condensed Consolidated Balance Sheets

The following represents the location of the assets and liabilities associated with the Company's derivative instruments within the condensed consolidated balance sheets at September 30, 2011 and December 31, 2010:

		Asset Derivatives				Liability Derivatives
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	Fair Value at September 30, 2011		Fair Value at December 31, 2010		Fair Value at September 30, 2011		Fair Value at December 31, 2010
Interest rate swap contracts	Current derivative contracts	$	-	$	-	$	85,645	$	-
Interest rate swap contracts	Long-term derivative contracts		-		-		-		167,278
Prepaid forward contracts	Current derivative contracts		-		-		4,729		47,251
Prepaid forward contracts	Long-term derivative contracts		37,005		-		-		12,049
Total derivative contracts		$	37,005	$	-	$	90,374	$	226,578

Impact and Location of Derivative Instruments Within the Condensed Consolidated Statements of Operations

The following represents the impact and location of the Company's derivative instruments within the condensed consolidated statements of operations for the three and nine months ended September 30, 2011 and 2010:

		Amount of Gain (Loss) Recognized					Amount of Gain (Loss) Recognized
Derivatives Not Designated as Hedging	Location of Gain (Loss)	Three Months Ended September 30,					Nine Months Ended September 30,
Instruments	Recognized	2011		2010			2011			2010
Prepaid forward contracts	Gain (loss) on equity derivative contracts, net	$	81,737	$	(7,060	)	$	38,856		$	(9,801	)
Interest rate swap contracts	Gain (loss) on interest rate swap contracts, net		1,173		(24,921	)		(8,513	)		(81,801	)
Total derivative contracts		$	82,910	$	(31,981	)	$	30,343		$	(91,602	)

Summary of the Settlement of Collateralized Indebtedness

The following table summarizes the settlement of the Company's collateralized indebtedness relating to Comcast Corporation shares that were settled by delivering cash equal to the collateralized loan value, net of the value of the related equity derivative contracts for the nine months ended September 30, 2011.  The cash was obtained from the proceeds of new monetization contracts covering an equivalent number of Comcast shares.  The terms of the new contracts allow the Company to retain upside participation in Comcast shares up to each respective contract's upside appreciation limit with downside exposure limited to the respective hedge price.

Number of shares		10,738,809
Collateralized indebtedness settled	$	(157,864	)
Derivative contracts settled		(52,720	)
		(210,584	)
Proceeds from new monetization contracts		246,464
Net cash receipt	$	35,880