NOTE 3.

DIVIDENDS

On February 26, 2013, the Board of Directors of Cablevision declared a cash dividend of $0.15 per share payable on April 3, 2013 to stockholders of record on both its CNYG Class A common stock and CNYG Class B common stock as of March 15, 2013.

In March 2013, Cablevision paid accrued dividends on vested restricted shares of $3,074. In addition, as of March 31, 2013, up to approximately $3,660 will be paid when, and if, restrictions lapse on restricted shares outstanding.

During the three months ended March 31, 2013, CSC Holdings made equity distribution payments to Cablevision aggregating $74,875. These distribution payments were funded from cash on hand. The proceeds were used to fund:

Cablevision's interest and principal payments on its senior notes; and

Cablevision's payments for the acquisition of treasury shares related to statutory minimum tax withholding obligations upon the vesting of certain restricted shares.