FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 2011

Fair Value Measurement [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents for each of these hierarchy levels, the Company's financial assets and financial liabilities that are measured at fair value on a recurring basis at September 30, 2011 and December 31, 2010:

At September 30, 2011:
	Level I		Level II		Level III		Total
Assets:
Money market funds	$	144,683	$	-	$	-	$	144,683
Investment securities		103		-		-		103
Investment securities pledged as collateral		448,882		-		-		448,882
Derivative contracts:
Prepaid forward contracts		-		37,005		-		37,005
Liabilities:
Liabilities under derivative contracts:
Prepaid forward contracts		-		4,729		-		4,729
Interest rate swap contracts		-		85,645		-		85,645

At December 31, 2010:
	Level I		Level II		Level III		Total
Assets:
Money market funds	$	259,463	$	-	$	-	$	259,463
Investment securities		101		-		-		101
Investment securities pledged as collateral		471,864		-		-		471,864
Liabilities:
Liabilities under derivative contracts:
Prepaid forward contracts		-		59,300		-		59,300
Interest rate swap contracts		-		167,278		-		167,278

Carrying Values and Estimated Fair Values of Financial Instruments, Excluding Those Carried at Fair Value

The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the accompanying condensed consolidated balance sheets, are summarized as follows:

	September 30, 2011
	Carrying Amount		Estimated Fair Value
CSC Holdings notes receivable:
Cablevision senior notes held by Newsday Holdings LLC(a)	$	753,717	$	763,251
Debt instruments:
Credit facility debt(b)	$	4,944,154	$	4,936,358
Note payable		554		554
Collateralized indebtedness		441,205		434,320
Senior notes and debentures		3,029,098		3,287,922
CSC Holdings total debt instruments		8,415,011		8,659,154
Cablevision senior notes and debentures		2,166,634		2,230,782
Cablevision total debt instruments	$	10,581,645	$	10,889,936

	December 31, 2010
	Carrying Amount		Estimated Fair Value
CSC Holdings notes receivable:
Cablevision senior notes held by Newsday Holdings LLC(a)	$	753,717	$	795,508
Debt instruments:
Credit facility debt(b)	$	5,756,510	$	5,802,917
Collateralized indebtedness		352,606		349,853
Senior notes and debentures		3,402,505		3,781,994
CSC Holdings total debt instruments		9,511,621		9,934,764
Cablevision senior notes and debentures		2,165,688		2,328,644
Cablevision total debt instruments	$	11,677,309	$	12,263,408

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(a) These notes are eliminated at the consolidated Cablevision level.

(b) The carrying value of the Company's credit facility debt, the substantial portion of which bears interest at variable rates approximates its fair value.