EQUITY PLANS (Tables)

3 Months Ended

Mar. 31, 2013

Assumptions Used to Calculate the Fair Value of Stock Option Awards

The following assumptions were used to calculate the fair value of the stock option award granted in the first quarter of 2013:

Risk-free interest rate		1.25	%

Expected life (in years)		6.5

Dividend yield		3.86	%

Volatility		42.31	%

Grant date fair value	$	3.96

Activity for Stock Options

The following table summarizes activity relating to Company employees who held Cablevision stock options for the three months ended March 31, 2013:

	Shares Under Option						Weighted Average		Weighted Average Remaining
	Time Vesting Options			Performance Based Vesting Options			Exercise Price Per Share		Contractual Term (in years)		Aggregate Intrinsic Value(a)
Balance, December 31, 2012		2,789,342			12,319,000		$	13.05		7.88	$	29,143
Granted(b)		2,000,000			-			13.98
Exercised		(16,166	)		(82,250	)		13.02
Forfeited/Expired		-			-

Balance, March 31, 2013		4,773,176			12,236,750		$	13.16		7.90	$	31,210

Options exercisable at March 31, 2013		2,673,176			6,258,600		$	12.39		6.78	$	23,092

Options expected to vest in the future		2,100,000			5,772,101		$	14.02		9.15	$	7,905

(a)

The aggregate intrinsic value is calculated as the difference between (i) the exercise price of the underlying award and (ii) the quoted price of CNYG Class A common stock on March 31, 2013 or December 31, 2012, as indicated, and March 31, 2013 in the case of options exercisable and options expected to vest in the future.

(b)	Options are scheduled to cliff vest at the end of three years and expire 10 years from the date of grant.

Activity for Restricted Shares

The following table summarizes activity relating to Company employees who held Cablevision restricted shares for the three months ended March 31, 2013:

	Number of Restricted Shares			Number of Performance Restricted Shares			Weighted Average Fair Value Per Share at Date of Grant (a)

Unvested award balance, December 31, 2012		4,010,675			1,297,100		$	18.06
Granted		2,674,760			584,000			14.01
Vested		(1,159,345	)		(304,100	)		17.67
Awards forfeited		(20,010	)		-			17.16

Unvested award balance, March 31, 2013		5,506,080			1,577,000			16.07

(a)	Does not include the fair value per share of 756,400 performance based restricted shares whose performance criteria had not yet been established as of March 31, 2013.