NOTE 1.

BUSINESS

Cablevision Systems Corporation ("Cablevision"), its wholly-owned subsidiary CSC Holdings, LLC ("CSC Holdings," and collectively with Cablevision, the "Company") and their subsidiaries own and operate cable television systems and own companies that provide regional news, local programming and advertising sales services for the cable television industry, provide commercial data and voice services, and operate a newspaper publishing business. The Company classifies its operations into two reportable segments: (1) Telecommunications Services, consisting principally of its video, high-speed data, Voice over Internet Protocol ("VoIP"), and its commercial data and voice services operations; and (2) Other, consisting principally of (i) Newsday, which includes the Newsday daily newspaper, amNew York, Star Community Publishing Group, and online websites including newsday.com and exploreLI.com, (ii) the News 12 Networks, which provide regional news programming services, (iii) the MSG Varsity network, a network dedicated entirely to showcasing high school sports and activities, (iv) a cable television advertising company, Cablevision Media Sales Corporation ("Cablevision Media Sales"), and (v) certain other businesses and unallocated corporate costs.

On June 27, 2013, the Company completed the sale of substantially all of its Clearview Cinemas' theaters ("Clearview Cinemas") to Bow Tie Cinemas pursuant to the asset purchase agreement between the two parties entered into in April 2013 (the "Clearview Sale"). Effective as of the closing date of the Clearview Sale, the Company no longer consolidates the financial results of Clearview Cinemas. Accordingly, the historical financial results of Clearview Cinemas have been reflected in the Company's condensed consolidated financial statements as discontinued operations for all periods presented. Assets and liabilities related to Clearview Cinemas on the Company's condensed consolidated balance sheets and related footnotes have been classified as assets held for sale and liabilities held for sale in the condensed consolidated balance sheet at December 31, 2012.

On July 1, 2013, the Company completed the sale of its Bresnan Broadband Holdings, LLC subsidiary ("Bresnan Cable") for $1,625,000 in cash, subject to certain adjustments, including a reduction for certain funded indebtedness of Bresnan Cable (the "Bresnan Sale") to Charter Communications Operating, LLC ("Charter") pursuant to the purchase agreement entered into between CSC Holdings and Charter in February 2013. Effective July 1, 2013, the Company will no longer consolidate the financial results of Bresnan Cable. Accordingly, the historical financial results of Bresnan Cable have been reflected in the Company's condensed consolidated financial statements as discontinued operations for all periods presented. Assets and liabilities related to Bresnan Cable on the Company's condensed consolidated balance sheets and related footnotes have been classified as assets held for sale and liabilities held for sale for all periods presented. In addition, accounts payable to and advances to Bresnan Cable that were previously eliminated in consolidation are presented as amounts due to affiliates or amounts due from affiliates on the Company's condensed consolidated balance sheets.